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This entry was published on 2014-12-26
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SECTION 7-404
No Liability for Good-Faith Delivery Pursuant to Document of Title
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 4
Section 7--404. No Liability for Good-Faith Delivery Pursuant to

Document of Title.

A bailee that in good faith has received goods and delivered or
otherwise disposed of the goods according to the terms of a document of
title or pursuant to this article is not liable for the goods even if:

(1) the person from which the bailee received the goods did not have
authority to procure the document or to dispose of the goods; or

(2) the person to which the bailee delivered the goods did not have
authority to receive the goods.