Cal. Com. Code § 7404

7404

Effective Jan 1, 2007Repealed and added by Stats. 2006, Ch. 254, Sec. 49. Effective January 1, 2007.

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 division is not liable for the goods even if:

  1. (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. (2) the person to which the bailee delivered the goods did not have authority to receive the goods.
Log InSign Up