Section 7–404. 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.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code
Article 7 - Documents of Title
Section 7-502 - Rights Acquired by Due Negotiation
Section 7-401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer
Section 7-402 - Duplicate Document of Title; Overissue
Section 7-403 - Obligation of Bailee to Deliver; Excuse
Section 7-309 - Duty of Care; Contractual Limitation of Carrier's Liability
Section 7-404 - No Liability for Good–faith Delivery Pursuant to Document of Title
Section 7-501 - Form of Negotiation and Requirements of Due Negotiation
Section 7-503 - Document of Title to Goods Defeated in Certain Cases
Section 7-509 - Adequate Compliance With Commercial Contract
Section 7-505 - Indorser Not Guarantor for Other Parties
Section 7-506 - Delivery Without Indorsement: Right to Compel Indorsement
Section 7-507 - Warranties on Negotiations or Delivery of Document of Title
Section 7-508 - Warranties of Collecting Bank as to Documents of Title
Section 7-601 - Lost, Stolen, or Destroyed Documents of Title
Section 7-602 - Judicial Process Against Goods Covered by Negotiable Document of Title
Section 7-603 - Conflicting Claims; Interpleader
Section 7-308 - Enforcement of Carrier's Lien
Section 7-307 - Lien of Carrier
Section 7-210 - Enforcement of Warehouse's Lien
Section 7-305 - Destination Bills
Section 7-306 - Altered Bills of Lading
Section 7-102 - Definitions and Index of Definitions
Section 7-103 - Relation of Article to Treaty or Statute
Section 7-104 - Negotiable and Nonnegotiable Document of Title
Section 7-105 - Reissuance in Alternative Medium
Section 7-201 - Person That May Issue a Warehouse Receipt; Storage Under Bond
Section 7-202 - Form of Warehouse Receipt; Effect of Omission
Section 7-203 - Liability for Nonreceipt or Misdescription
Section 7-204 - Duty of Care; Contractual Limitation of Warehouse's Liability
Section 7-106 - Control of Electronic Document of Title
Section 7-206 - Termination of Storage at Warehouse Option
Section 7-207 - Goods Must Be Kept Separate; Fungible Goods
Section 7-208 - Altered Warehouse Receipts
Section 7-209 - Lien of Warehouse
Section 7-302 - Through Bills of Lading and Similar Documents of Title
Section 7-205 - Title Under Warehouse Receipt Defeated in Certain Cases
Section 7-303 - Diversion; Reconsignment; Change of Instructions