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LSDefine

Simple English definitions for legal terms

document of title

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A quick definition of document of title:

A document of title is a piece of paper that describes goods and allows the person holding it to receive, keep, and sell those goods. Examples of documents of title include bills of lading, warehouse receipts, and delivery orders. These documents are usually governed by Article 7 of the UCC.

A more thorough explanation:

A document of title is a written description, identification, or declaration of goods that allows the holder, usually a bailee, to receive, hold, and dispose of the document and the goods it covers. Examples of documents of title include bills of lading, warehouse receipts, and delivery orders. These documents are typically governed by Article 7 of the Uniform Commercial Code (UCC).

  • Bills of lading: A bill of lading is a document issued by a carrier that acknowledges receipt of goods and specifies the terms of their transportation. The holder of the bill of lading has the right to take possession of the goods upon delivery.
  • Warehouse receipts: A warehouse receipt is a document issued by a warehouse operator that acknowledges receipt of goods and specifies the terms of their storage. The holder of the warehouse receipt has the right to take possession of the goods upon payment of any outstanding fees.
  • Delivery orders: A delivery order is a document issued by a carrier or warehouse operator that authorizes the release of goods to a specified recipient. The holder of the delivery order has the right to take possession of the goods upon presentation of the document.

These examples illustrate how a document of title can be used to transfer ownership or possession of goods from one party to another. By holding the document, the holder has the right to take possession of the goods and dispose of them as authorized by the document.

documentary-stamp transfer tax | document request

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[] baddestbunny
20:54
subtly implying that I am the best and therefore asserting my dominance
20:54
lol
Has anyone been accepted into Campbell yet and if so, how long did it take?
21:48
@bunny I got no business at Yale.
21:54
https://www.youtube.com/watch?v=v9gS3R6SpK8 [warning, do not watch if Fordham is your #1 choice]
21:58
I wouldnt go to yale only if i got into hls or uchic
i would take michigan darrow over yale tbh
[] baddestbunny
22:25
I can't imagine picking hls over yale assuming equal cost of attendance
[] baddestbunny
22:27
that class size is just so damn big
[] baddestbunny
22:27
@windyMagician: I feel that way but about nyu rtk
22:37
Class size = alumni connections, id love a large network
22:38
Darrow is pretty good too
i just want to be a pd and vibe, no need for fanciness
[] baddestbunny
23:08
friend sent me this
23:16
casual 177
letsseehowitgoesnow
23:47
same @windy
letsseehowitgoesnow
23:47
i just wanna wear a cool suit with my boots and defend
4:06
I’m this close to paying a tarot reader on Etsy to help decide between two schools
4:07
man, 5 hours and 53 minutes from now
4:08
LSAT score?
4:10
in 5 hours and 50 mins. You can roast me after that for not being 170+
4:13
@Bunny I love his username. Iloveyoumc, guy wants to fuck an MC hard. Love it.
4:14
Don’t be hard on yourself, I felt worse about June than April yet jumped up significantly
4:14
Put on some feel-good rock music as you sign in and view your score
4:16
I will do so. It will be stones if you consider that rock but it will be feel good.
4:17
Man this Fordham law video is sad @llama I hope they arent real students.
7:07
Yeah I'd stay Stones is pretty rock, they certainly went in that direction in the 70s
7:10
They started out mod/pop then took a lot of drugs and made some great experimental records, after that they opted for a barebones loud, hard rock sound
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