New York § 7-404 No Liability for Good-Faith Delivery Pursuant to Document of Title

New York Statutes

§ 7-404 — No Liability for Good-Faith Delivery Pursuant to Document of Title

New York·Law UCC Uniform Commercial Code·Part 4 Warehouse Receipts and Bills of Lading: General Obligations·Art. 7 Documents of Title

Section 7--404. No Liability for Good-Faith Delivery Pursuant to\n                  Document of Title.\n  A bailee that in good faith has received goods and delivered or\notherwise disposed of the goods according to the terms of a document of\ntitle or pursuant to this article is not liable for the goods even if:\n  (1) the person from which the bailee received the goods did not have\nauthority to procure the document or to dispose of the goods; or\n  (2) the person to which the bailee delivered the goods did not have\nauthority to receive the goods.\n

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Section 7--404. No Liability for Good-Faith Delivery Pursuant to\n Document of Title.\n A bailee that in good faith has received goods and delivered or\notherwise disposed of the goods according to the terms of a document of\ntitle or pursuant to this article is not liable for the goods even if:\n (1) the person from which the bailee received the goods did not have\nauthority to procure the document or to dispose of the goods; or\n (2) the person to which the bailee delivered the goods did not have\nauthority to receive the goods.\n

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