ROBERT L. EHRLICH, JR., Governor

Ch. 95

(6)     A DESCRIPTION OF THE GOODS OR THE PACKAGES CONTAINING
THEM;

(7)      THE SIGNATURE OF THE WAREHOUSE OR ITS AGENT;

(8)      IF THE RECEIPT IS ISSUED FOR GOODS THAT THE WAREHOUSE
OWNS, EITHER SOLELY, JOINTLY, OR IN COMMON WITH OTHERS, A STATEMENT OF
THE FACT OF THAT OWNERSHIP; AND

(9)      A STATEMENT OF THE AMOUNT OF ADVANCES MADE AND OF
LIABILITIES INCURRED FOR WHICH THE WAREHOUSE CLAIMS A LIEN OR SECURITY
INTEREST, UNLESS THE PRECISE AMOUNT OF ADVANCES MADE OR LIABILITIES
INCURRED, AT THE TIME OF THE ISSUE OF THE RECEIPT, IS UNKNOWN TO THE
WAREHOUSE OR TO ITS AGENT THAT ISSUED THE RECEIPT, IN WHICH CASE A
STATEMENT OF THE FACT THAT ADVANCES HAVE BEEN MADE OR LIABILITIES
INCURRED AND THE PURPOSE OF THE ADVANCES OR LIABILITIES IS SUFFICIENT.

(C) A WAREHOUSE MAY INSERT IN ITS RECEIPT ANY TERMS THAT ARE NOT
CONTRARY TO THE MARYLAND UNIFORM COMMERCIAL CODE AND DO NOT IMPAIR
ITS OBLIGATION OF DELIVERY UNDER § 7-403 OR ITS DUTY OF CARE UNDER § 7-204.
ANY CONTRARY PROVISION IS INEFFECTIVE.

7-203.

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.

7-204.

(A)     A WAREHOUSE IS LIABLE FOR DAMAGES FOR LOSS OF OR INJURY TO THE
GOODS CAUSED BY ITS FAILURE TO EXERCISE CARE WITH REGARD TO THE GOODS
THAT A REASONABLY CAREFUL PERSON WOULD EXERCISE UNDER SIMILAR
CIRCUMSTANCES. UNLESS OTHERWISE AGREED, THE WAREHOUSE IS NOT LIABLE
FOR DAMAGES THAT COULD NOT HAVE BEEN AVOIDED BY THE EXERCISE OF THAT
CARE.

(B)     DAMAGES MAY BE LIMITED BY A TERM IN THE WAREHOUSE RECEIPT OR
STORAGE AGREEMENT LIMITING THE AMOUNT OF LIABILITY IN CASE OF LOSS OR

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