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Revised Code of Washington (RCW) (Last Updated: August 9, 2016) |
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Title 62A. UNIFORM COMMERCIAL CODE |
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Chapter 62A.7. Warehouse receipts, bills of lading and other documents of title. |
Section 62A.7-203. Liability for nonreceipt 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, 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.[ 2012 c 214 § 303; 1965 ex.s. c 157 § 7-203. Cf. former RCW 22.04.210; 1913 c 99 § 20; RRS § 3606.]NOTES:Application—Savings—2012 c 214: See notes following RCW 62A.1-101.