§7–404.

    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 title 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.