Document ID: chunk:federal_register_of_legislation:C2017C00074:section:77
Version: federal_register_of_legislation:C2017C00074
Segment Type: section
Provision Reference: s 77
Character Range: 81846–82562

77  Transferor by delivery
 (1) A transferor by delivery is a holder of a cheque payable to bearer who transfers the cheque by negotiation without indorsing the cheque.
 (2) A transferor by delivery is not liable on the cheque.
 (3) Where the person to whom a transferor by delivery transfers the cheque by negotiation takes the cheque for value, the transferor by delivery warrants to the person:
 (a) that the cheque is what it purports to be;
 (b) that the transferor by delivery has the right to transfer the cheque by negotiation; and
 (c) that the transferor by delivery is not, at the time of the transfer, aware of any fact that renders the cheque valueless.

Division 2—Discharge of liabilities of parties