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 division 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. CHAPTER 75 WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER Sec. 7501. Form of negotiation and requirements of due negotiation. 7502. Rights acquired by due negotiation. 7503. Document of title to goods defeated in certain cases. 7504. Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery. 7505. Indorser not guarantor for other parties. 7506. Delivery without indorsement: right to compel indorsement. 7507. Warranties on negotiation or delivery of document of title. 7508. Warranties of collecting bank as to documents of title. 7509. Adequate compliance with commercial contract Prior Provisions. Former Chapter 75, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed April 16, 2008, P.L.57, No.13, effective in 60 days.
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