Sec. 7-404. No liability for good-faith delivery pursuant to document of title.
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/il/chapter-810/act-5/7-404A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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.