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Simple English definitions for legal terms
literae recognitionis
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A quick definition of literae recognitionis:
Term: Literae Recognitionis
Definition: A document that acknowledges the receipt of goods by a carrier or shipper's agent and the contract for the transportation of those goods. It is also known as a bill of lading. This document contains the terms of the agreement between the shipper and the carrier, and it serves as proof of ownership of the goods. It can be negotiable or non-negotiable, and it may contain clauses or notations that qualify its terms.
A more thorough explanation:
Definition: Literae recognitionis is a Latin term that refers to a bill of lading, which is a document that acknowledges the receipt of goods by a carrier or shipper's agent and the contract for the transportation of those goods.
For example, when a company ships products to a customer, they will receive a bill of lading from the carrier that confirms the shipment and outlines the terms of the transportation agreement. This document serves as proof of delivery and is essential for resolving any disputes that may arise during the shipping process.
Overall, literae recognitionis is an important legal document that helps ensure the safe and efficient transportation of goods between businesses and customers.