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7 404 — New York Law | CourtGPT
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  3. New York/
  4. Ucc - Uniform Commercial Code/
  5. Article 7 - Documents of Title/
  6. Part 4 - Warehouse Receipts and Bills of Lading: General Obligations7-401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer/
  7. 7 404
New York Legal Code

7 404

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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 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.