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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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umichandgulcwins
16:56
piiiiiiiieeee
16:57
womp womp big woop
16:57
quick question- i applied late (late feb early march) will I hear back before seat deposits? or nah
16:57
Unlikely but very possible at a few schools! (Most are backed up with apps)
16:57
^ i applied to 5 schools on feb 5th and still waiting on 4/5 of them!
16:58
maybe, i dont know, not really
16:58
ok i honestly thought my lsat score would suck but my jan one was 8 points higher so I did some rushed apps
16:58
and i've been stressing
16:58
These schools been flicking paper footballs err day since fall
16:59
@nattyalley: Academic WEAPON good on you!
16:59
and by paper footballs he means inner thigh fat (He thinks its the clit)
16:59
ty!! i think it honestly was a mental block lololol
17:00
@Mostlylegal: gotta circle dat, no flickin
17:00
not what ym asked for
17:00
ts ts
17:01
While I cannot deny the truth that's " not what ym asked for " it is in fact "what ym needed."
17:10
lol
17:11
The field. smh.
17:12
Where tf my decisions
17:12
where the mf waves
17:17
The only waves you are gunna get today is when I am pounding the fuck out of your mom in my hot tub and the water is rocking back and forth and flowing over the edges. Fucker.
17:17
Nah you getting Baylor today. jk.
17:18
GW Law.
17:18
Been there done that indeed
17:18
i mean w baylor
17:20
Yeah not like incest banging your own mom. I thought that at first but then you clarified.
17:20
na ts be gross af
17:24
I hope we can all just have a good day today and not have any problems. Yeah we can go to the park.
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