North Carolina General Statutes 25-7-404. No liability for good-faith delivery pursuant to document of title
Current as of: 2023 | Check for updates
|
Other versions
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 whom the bailee received the goods did not have authority to procure the document or to dispose of the goods; or
(2) The person to whom the bailee delivered the goods did not have authority to receive the goods. (1917, c. 37, s. 10; 1919, c. 65, s. 10; C.S., ss. 292, 4050; 1965, c. 700, s. 1; 2006-112, s. 25.)
Terms Used In North Carolina General Statutes 25-7-404
- 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 North Carolina General Statutes 25-7-102
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See North Carolina General Statutes 25-7-102