Section 7--203. Liability for Non-Receipt or Misdescription  


Latest version.
  • A party to or purchaser for value in good faith of a document of title
      other  than a bill of lading relying in either case upon the description
      therein of the goods may recover from the issuer damages caused  by  the
      non-receipt  or  misdescription  of the goods, except to the extent that
      the document conspicuously indicates  that  the  issuer  does  not  know
      whether any part or all of the goods in fact were received or conform to
      the description, as where 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  the  like,  if  such  indication  be true, or the party or
      purchaser otherwise has notice.