§12A-7-508.

§12A-7-508.
   
   A 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 though the intermediary has purchased or made advances against
   the claim or draft to be collected.