12A:7-507. Warranties On Negotiation or Delivery of Document of Title.

   If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under 12A:7-508, unless otherwise agreed, the transferor, in addition to any warranty made in selling or leasing the goods, warrants to its immediate purchaser only that:
 
   (1)   the document is genuine;
 
   (2)   the transferor does not have knowledge of any fact that would impair the document's validity or worth; and
 
   (3)   the negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents.
 
   L.2013, c.65, s.2.