28-7-404. 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:
(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.
History:
[28-7-404, added 2004, ch. 42, sec. 2, p. 92.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 7 - DOCUMENTS OF TITLE
Part 4 - WAREHOUSE RECEIPTS AND BILLS OF LADING — GENERAL OBLIGATIONS
Section 28-7-401 - IRREGULARITIES IN ISSUE OF RECEIPT OR BILL OR CONDUCT OF ISSUER.
Section 28-7-402 - DUPLICATE DOCUMENT OF TITLE — OVERISSUE.
Section 28-7-403 - OBLIGATION OF BAILEE TO DELIVER — EXCUSE.
Section 28-7-404 - NO LIABILITY FOR GOOD-FAITH DELIVERY PURSUANT TO DOCUMENT OF TITLE.