Virginia § 8.7-507 - Warranties on negotiation or delivery of receipt or bill
Full text of Virginia Code of Virginia § 8.7-507 — Warranties on negotiation or delivery of receipt or bill, with citation guidance and answers to common questions.
§ 8.7-507. Warranties on negotiation or delivery of receipt or bill
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: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 8.7-507
What does Code of Virginia § 8.7-507 cover?
Section 8.7-507 ("Warranties on negotiation or delivery of receipt or bill") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 8.7-507?
A common citation format is "Code of Virginia § 8.7-507" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 8.7-507 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.