New Jersey § 12a:7-403
Full text of New Jersey New Jersey Statutes § 12a:7-403, with citation guidance and answers to common questions.
§ 12a:7-403.
a. A bailee shall deliver the goods to a person entitled under a document of title
if the person complies with subsections b. and c. of this section, unless and to the
extent that the bailee establishes any of the following: (1) delivery of the goods to a person whose receipt was rightful as against the claimant; (2) damage to or delay, loss, or destruction of the goods for which the bailee is
not liable; (3) previous sale or other disposition of the goods in lawful enforcement of a lien
or on a warehouse's lawful termination of storage; (4) the exercise by a seller of its right to stop delivery pursuant to 12A:2-705 or
by a lessor of its right to stop delivery pursuant to 12A:2A-526; (5) a diversion, reconsignment, or other disposition pursuant to 12A:7-303; (6) release, satisfaction, or any other personal defense against the claimant; or (7) any other lawful excuse. b. A person claiming goods covered by a document of title shall satisfy the bailee's
lien if the bailee so requests or if the bailee is prohibited by law from delivering
the goods until the charges are paid. c. Unless a person claiming the goods is a person against which the document of title
does not confer a right under subsection a. of 12A:7-503: (1) the person claiming under a document shall surrender possession or control of
any outstanding negotiable document covering the goods for cancellation or indication
of partial deliveries; and (2) the bailee shall cancel the document or conspicuously indicate in the document
the partial delivery or the bailee is liable to any person to which the document is
duly negotiated.
Frequently Asked Questions About New Jersey § 12a:7-403
What does New Jersey Statutes § 12a:7-403 cover?
Section 12a:7-403 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:7-403?
A common citation format is "New Jersey Statutes § 12a:7-403" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:7-403 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.