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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 7:
Section: 12A:7-404: No liability For good-faith delivery pursuant to document of title.
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.
This section added to the Rutgers Database: 2013-06-22 15:32:13.
Older versions of 12a:7-404 (if available):
Court decisions that cite this statute:
CLICK HERE.