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O.C.G.A. § 11-7-203

Liability for nonreceipt or misdescription

Code 1933, § 109A-7-203, enacted by Ga

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 un-

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known, tion is true; or

said to contain,” or words of similar import, if such indica-

(2) The party or purchaser otherwise has notice of the nonreceipt

or misdescription.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.