Michigan § 442.363 Art merchant as agent for consignor or artist; liabilities; effect of good faith reliance on incorrect information.

Michigan Statutes

§ 442.363 — Art merchant as agent for consignor or artist; liabilities; effect of good faith reliance on incorrect information.

Michigan § 442.363

Ch. 442SALES

Act 40 of 1987ART MULTIPLES SALES ACT (442.351-442.367)

This text of Michigan § 442.363 (Art merchant as agent for consignor or artist; liabilities; effect of good faith reliance on incorrect information.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 442.363 (2026).

Text

ART MULTIPLES SALES ACT (EXCERPT) Act 40 of 1987 442.363 Art merchant as agent for consignor or artist; liabilities; effect of good faith reliance on incorrect information. Sec.

13.If for purposes of effecting the sale of a multiple, an art merchant has agreed to act as the agent for a consignor who is not an art merchant, or if for purposes of supplying the information required by this act, an art merchant has agreed to act as the agent for an artist, the art merchant shall incur the liabilities prescribed by this act with respect to a purchaser. However, if the art merchant can establish that his or her liability results from incorrect information which was provided to the art merchant in writing by the consignor or artist, and that the art merchant in good faith relied on the informati

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ART MULTIPLES SALES ACT (EXCERPT) Act 40 of 1987 442.363 Art merchant as agent for consignor or artist; liabilities; effect of good faith reliance on incorrect information. Sec. 13. If for purposes of effecting the sale of a multiple, an art merchant has agreed to act as the agent for a consignor who is not an art merchant, or if for purposes of supplying the information required by this act, an art merchant has agreed to act as the agent for an artist, the art merchant shall incur the liabilities prescribed by this act with respect to a purchaser. However, if the art merchant can establish that his or her liability results from incorrect information which was provided to the art merchant in writing by the consignor or artist, and that the art merchant in good faith relied on the information, the consignor or artist shall similarly incur the liabilities with respect to the purchaser and the art merchant.