§ 34.1-7-203 — Liability for nonreceipt or misdescription

Wyoming § 34.1-7-203

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 6: BULK TRANSFERS

Text

(a) 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:
(i) 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
(ii) The party or purchaser otherwise has notice of
the nonreceipt or misdescription.