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Uniform Commercial Code | |
Uniform Commercial Code - Documents of Title | |
Section 404 | No liability for good-faith delivery pursuant to document of title. |
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70A-7a-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 chapter 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.
Enacted by Chapter 42, 2006 General Session |
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