Ohio Code 1307.404 – No liability for good-faith delivery pursuant to document of title – UCC 7-404
Current as of: 2023 | Check for updates
|
Other versions
No liability for good-faith delivery pursuant to document of title [UCC 7-404]
Terms Used In Ohio Code 1307.404
- Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
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 sections 1307.101 to 1307.603 of the Revised Code is not liable for the goods even if:
(A) The person from which the bailee received the goods did not have authority to procure the document or to dispose of the goods; or
(B) The person to which the bailee delivered the goods did not have authority to receive the goods.