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§ 7203. Liability for nonreceipt or misdescription

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: June 16, 2008

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 7. Warehouse Receipts, Bills of Lading and Other Documents of Title (Refs & Annos)
Chapter 72. Warehouse Receipts: Special Provisions (Refs & Annos)
Effective: June 16, 2008
13 Pa.C.S.A. § 7203
§ 7203. Liability for nonreceipt or misdescription
Currentness
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.

Credits

2008, April 16, P.L. 57, No. 13, § 13, effective in 60 days [June 16, 2008].
13 Pa.C.S.A. § 7203, PA ST 13 Pa.C.S.A. § 7203
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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