No liability for good-faith delivery pursuant to document of title

  1. Law
  2. Vermont Statutes
  3. Uniform Commercial Code
  4. Warehouse Receipts, Bills Of Lading, And Other Documents Of Title
  5. No liability for good-faith delivery pursuant to document of title

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§ 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 article 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. (Added 2015, No. 51, § B.3, eff. June 3, 2015.)


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