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" Every person negotiating an instrument by delivery or by a qualified indorsement, warrants: (1) That the instrument is genuine and in all respects what it purports to be; (2) That he has a good title to it; (3) That all prior parties had capacity to contract;... "
General Laws of the State of Idaho Passed at the First- Session of the State ... - Page 391
by Idaho - 1903
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Proceedings ..., Volume 21

New York State Bar Association - Bar associations - 1898
...title to it; " 3. That all prior parties had capacity to contract; " 4. That he has no knowledge of any fact which would impair the validity of the instrument...immediate transferee. The provisions of subdivision 3 of this section do not apply to persons negotiating public or corporate securities, other than bills...
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