12A:7-203 - Liability for non-receipt or misdescription
12A:7-203.Ā Liability for non-receipt or misdescription
A party to or purchaser for value in good faith of a document of title otherĀ than a bill of lading relying in either case upon the description therein ofĀ the goods may recover from the issuer damages caused by the non-receipt orĀ misdescription of the goods, except to the extent that the documentĀ conspicuously indicates that the issuer does not know whether any part or allĀ of the goods in fact were received or conform to the description, as where theĀ description is in terms of marks or labels or kind, quantity or condition, orĀ the receipt or description is qualified by "contents, condition and qualityĀ unknown" ,Ā "said to contain"Ā or the like, if such indication be true, or theĀ party or purchaser otherwise has notice.
L.1961, c. 120, s. 7-203.
A party to or purchaser for value in good faith of a document of title otherĀ than a bill of lading relying in either case upon the description therein ofĀ the goods may recover from the issuer damages caused by the non-receipt orĀ misdescription of the goods, except to the extent that the documentĀ conspicuously indicates that the issuer does not know whether any part or allĀ of the goods in fact were received or conform to the description, as where theĀ description is in terms of marks or labels or kind, quantity or condition, orĀ the receipt or description is qualified by "contents, condition and qualityĀ unknown" ,Ā "said to contain"Ā or the like, if such indication be true, or theĀ party or purchaser otherwise has notice.
L.1961, c. 120, s. 7-203.
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