Oregon — State Statute

Oregon Revised Statutes Chapter 77 § 77.5070 — Warranties on negotiation or delivery of document of title

Oregon Revised Statutes Chapter 77 ·
Oregon Code § 77.5070 · Enacted · Last updated March 01, 2026
Statute Text
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 ORS 77.5080, unless otherwise agreed, the transferor, in addition to any warranty made in selling or leasing the goods, warrants to the 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. [1961 c.726 §77.5070; 2009 c.181 §83]
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