§ 6A-7-203. Liability for nonreceipt or misdescription.
A party to or purchaser for value in good faith of a document of title, other than a bill of lading, that relies upon the description of the goods in the document may recover from the issuer damages caused by the nonreceipt or misdescription of the goods, except to the extent that:
(1) The document conspicuously indicates that the issuer does not know whether all or part of the goods in fact were received or conform to the description, such as a case in which the description is in terms of marks or labels or kind, quantity, or condition, or the receipt or description is qualified by “contents, condition, and quality unknown”, “said to contain”, or words of similar import, if the indication is true; or
(2) The party or purchaser otherwise has notice of the nonreceipt or misdescription.
History of Section.P.L. 2006, ch. 112, § 6; P.L. 2006, ch. 135, § 6.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-7 - Documents of Title
Part 2 - Warehouse Receipts: Special Provisions
Section 6A-7-201. - Person that may issue a warehouse receipt — Storage under bond.
Section 6A-7-202. - Form of warehouse receipt — Effect of omission.
Section 6A-7-203. - Liability for nonreceipt or misdescription.
Section 6A-7-204. - Duty of care — Contractual limitation of warehouse’s liability.
Section 6A-7-205. - Title under warehouse receipt defeated in certain cases.
Section 6A-7-206. - Termination of storage at warehouse’s option.
Section 6A-7-207. - Goods must be kept separate — Fungible goods.
Section 6A-7-208. - Altered warehouse receipts.