Warranties on negotiation or delivery of receipt or bill

Va. Code Ann. § 8.7-507
in effect
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Where a person negotiates or delivers a document for value otherwise than as a mere intermediary under § 8.7-508 , then, unless otherwise agreed, he warrants to his immediate purchaser, in addition to any warranty made in selling or leasing the goods, that: (a) the document is genuine; and (b) he has no knowledge of any fact that would impair the document's validity or worth; and (c) his negotiation or delivery is rightful and fully effective with respect to the title to the document and the goods it represents. Code 1950, § 61-47; 1964, c. 219; 2004, c. 200 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/8.7-507/Fetched: 10/17/2026

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