Essential Terms of Warehouse Receipts; Liability for Omission

  1. Law
  2. Georgia Code
  3. Commerce and Trade
  4. Warehousemen
  5. State Licensed and Bonded Warehouses
  6. Essential Terms of Warehouse Receipts; Liability for Omission

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  1. Warehouse receipts need not be in any particular form, but every such receipt must embody within its written or printed terms:
    1. The location of the warehouse where the goods are stored;
    2. The date of issue of the receipt;
    3. The consecutive number of the receipt;
    4. A statement whether the goods received will be delivered to the bearer, to a specified person, or to a specified person or his order;
    5. The rate of storage charges;
    6. A description of the goods or of the packages containing them;
    7. The signature of the warehouseman, which may be made by his authorized agent;
    8. If the receipt is issued for goods of which the warehouseman is owner, either solely or jointly or in common with others, the fact of such ownership;
    9. A statement of the amount of advances made and of liabilities incurred for which the warehouseman claims a lien. If the precise amount of such advances made or of such liabilities incurred is, at the time of the issue of the receipt, unknown to the warehouseman or to his agent who issues it, a statement of the fact that advances have been made or liabilities incurred and the purpose thereof is sufficient; and
    10. The amount and rate of insurance on the goods, provided that, if there is no insurance thereon by reason of an agreement with the depositor, the receipt shall be so stamped.
  2. A warehouseman shall be liable to any person injured thereby for all damage caused by the omission from a negotiable receipt of any of the terms required by this Code section.

(Ga. L. 1953, Nov.-Dec. Sess., p. 412, § 13.)

Cross references.

- Form of warehouse receipts, § 11-7-202.

RESEARCH REFERENCES

Am. Jur. 2d.

- 78 Am. Jur. 2d, Warehouses, § 32.

C.J.S.

- 93 C.J.S., Warehousemen and Safe Depositaries, § 35 et seq.

ALR.

- Necessity of bringing to bailor's attention provision in warehouse receipt limiting liability of warehouseman, 160 A.L.R. 1112.


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