collecting bank or other intermediary known to be entrusted with documents on behalf of another or with collection of a draft or other claim against delivery of documents warrants by such delivery of the documents only its own good faith and authority. This rule applies even

COL120106
13 Guam Code Ann. UNIFORM COMMERCIAL CODE
DIV. 7 WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE

though the intermediary has purchased or made advances against the claim or draft to be collected.

§ 7509. Receipt or Bill: When Adequate Compliance with
Commercial Contract.
The question whether a document is adequate to fulfill the obligations of a contract for sale or the conditions of a credit is governed by the divisions on sales (Division 2) and on letters of credit (Division
5).

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CHAPTER 6
WAREHOUSE RECEIPTS AND BILLS OF
LADING: MISCELLANEOUS PROVISIONS