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S.D. Codified Laws § 57A-7-507

Warranties on negotiation or delivery of document of title

Known as the Uniform Commercial Code

The act spans §§ 57A-1-101–57A-9-809 (574 sections).

Source: SL 2009, ch 254, § 7-507.

If a person negotiates or delivers a document of title for value, otherwise than as a mere intermediary under § 57A-7-508, unless otherwise agreed, the transferor warrants to its immediate purchaser only in addition to any warranty made in selling or leasing the goods 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.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.