Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter25. Uniform Commercial Code. |
Article7. Documents of Title |
Part4. WAREHOUSE RECEIPTS AND BILLS OF LADING: GENERAL OBLIGATIONS |
§25-7-404. No liability for good-faith delivery pursuant to document of title
Latest version.
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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 whom the bailee received the goods did not have authority to procure the document or to dispose of the goods; or
(2) The person to whom the bailee delivered the goods did not have authority to receive the goods.
(1917, c. 37, s. 10; 1919, c. 65, s. 10; C.S., ss. 292, 4050; 1965, c. 700, s. 1; 2006-112, s. 25.)