Nevada § 104.7204 - Duty of care; contractual limitation of warehouse's liability

§ 104.7204. Duty of care; contractual limitation of warehouse's liability

1. 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. 2. Damages may be limited by a term in the warehouse receipt or storage agreement

limiting the amount of liability in case of loss or damage beyond which the warehouse

is not liable. Such a limitation is not effective with respect to the warehouse's liability for

conversion to its own use. On request of the bailor in a record at the time of signing the storage agreement

or within a reasonable time after receipt of the warehouse receipt, the warehouse's

liability may be increased on part or all of the goods covered by the storage agreement

or the warehouse receipt. In this event, increased rates may be charged based on an increased valuation of

the goods. 3. Reasonable provisions as to the time and manner of presenting claims and commencing

actions based on the bailment may be included in the warehouse receipt or storage

agreement.