A collecting bank or other intermediary known to be entrusted with documents of title
on behalf of another or with collection of a draft or other claim against delivery
of documents warrants by the delivery of the documents only its own good faith and
authority even if the collecting bank or other intermediary has purchased or made
advances against the claim or draft to be collected.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.