Nevada Revised Statutes 104.7404 – No liability for good-faith delivery pursuant to document of title
Current as of: 2023 | 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:
Terms Used In Nevada Revised Statutes 104.7404
- 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 Nevada Revised Statutes 104.7102
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Nevada Revised Statutes 104.7102
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
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.