§ 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.)
Structure Vermont Statutes
Title 9A - Uniform Commercial Code
Article 7 - Warehouse Receipts, Bills of Lading, and Other Documents of Title
§ 7—102. Definitions and index of definitions
§ 7—103. Relation of article to treaty or statute
§ 7—104. Negotiable and nonnegotiable document of title
§ 7—105. Reissuance in alternative medium
§ 7—106. Control of electronic document of title
§ 7—201. Person that may issue a warehouse receipt; storage under bond
§ 7—202. Form of warehouse receipt; effect of omission
§ 7—203. Liability for nonreceipt or misdescription
§ 7—204. Duty of care; contractual limitation of warehouse’s liability
§ 7—205. Title under warehouse receipt defeated in certain cases
§ 7—206. Termination of storage at warehouse’s option
§ 7—207. Goods shall be kept separate; fungible goods
§ 7—208. Altered warehouse receipts
§ 7—210. Enforcement of warehouse’s lien
§ 7—302. Through bills of lading and similar documents of title
§ 7—303. Diversion; reconsignment; change of instructions
§ 7—304. Tangible bills of lading in a set
§ 7—306. Altered bills of lading
§ 7—308. Enforcement of carrier’s lien
§ 7—309. Duty of care; contractual limitation of carrier’s liability
§ 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
§ 7—501. Form of negotiation and requirements of due negotiation
§ 7—502. Rights acquired by due negotiation
§ 7—503. Document of title to goods defeated in certain cases
§ 7—504. Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery
§ 7—505. Indorser not guarantor for other parties
§ 7—506. Delivery without indorsement: right to compel indorsement
§ 7—507. Warranties on negotiation or delivery of document of title
§ 7—508. Warranties of collecting bank as to documents of title
§ 7—509. Adequate compliance with commercial contract
§ 7—601. Lost, stolen, or destroyed documents of title
§ 7—602. Judicial process against goods covered by negotiable document of title