New Jersey Statutes
§ 12A:7-404 — No liability For good-faith delivery pursuant to document of title.
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
12A: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 Chapter is not liable for the goods even if: a. the person from which the bailee received the goods did not have authority to procure the document or to dispose of the goods; or b. the person to which the bailee delivered the goods did not have authority to receive the goods. L.2013, c.65, s.2.
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Nearby Sections
15
§ 12A:7-101
Short title.§ 12A:7-102
Definitions and index of definitions.§ 12A:7-103
Relation of chapter to treaty or statute.§ 12A:7-104. Negotiable and nonnegotiable document of title
§ 12A:7-104. Negotiable and nonnegotiable document of title§ 12A:7-105
Reissuance in alternative medium.§ 12A:7-106
Control of electronic document of title.§ 12A:7-202. Form of warehouse receipt; effect of omission.
§ 12A:7-202. Form of warehouse receipt; effect of omission.§ 12A:7-203
Liability for nonreceipt or misdescription.§ 12A:7-207
Goods must be kept separate; fungible goods.§ 12A:7-208
Altered warehouse receipts.§ 12A:7-209. Lien of warehouse.
§ 12A:7-209. Lien of warehouse.