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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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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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