Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS |
CHAPTER104. Uniform Commercial Code—Original Articles |
ARTICLE7. WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE |
PART4. Warehouse Receipts and Bills of Lading: General Obligations |
NRS104.7404. No liability for good-faith delivery pursuant to document of title.
Latest version.
- 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.
(Added to NRS by 2005, 844)