Simple English definitions for legal terms
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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 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).
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.