(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 New York Laws
Article 7 - Documents of Title
Part 4 - Warehouse Receipts and Bills of Lading: General Obligations
7-401 - Irregularities in Issue of Receipt or Bill or Conduct of Issuer.
7-402 - Duplicate Document of Title; Overissue.
7-403 - Obligation of Bailee to Deliver; Excuse.
7-404 - No Liability for Good-Faith Delivery Pursuant to Document of Title.