Title 11, Chapter 7, Section 203
( 11-7-203)
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 relying in either case upon the
description therein of the goods may recover from the issuer damages
caused by the nonreceipt 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. |