Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 47. Uniform Commercial Code |
Chapter 7. DOCUMENTS OF TITLE |
Article 4. Warehouse Receipts and Bills of Lading: General Obligations |
Sec 47-7404. No liability for good faith delivery pursuant to document of title
Latest version.
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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 chapter 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.