Illinois Compiled Statutes 810 ILCS 5/7-404 – No liability for good-faith delivery pursuant to document of title
Current as of: 2024 | Check for updates
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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
(1) the person from which the bailee received the
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goods did not have authority to procure the document or to dispose of the goods; or
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(2) the person to which the bailee delivered the
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goods did not have authority to receive the goods.
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Terms Used In Illinois Compiled Statutes 810 ILCS 5/7-404
- Bailee: means a person that by a warehouse
receipt, bill of lading, or other document of title acknowledges possession of goods and contracts to deliver them. See Illinois Compiled Statutes 810 ILCS 5/7-102 | |||||
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