Page:United States Statutes at Large Volume 77.djvu/750

 718

PUBLIC LAW 88-243-DEC. 30, 1963

[77 STAT.

ARTICLE 7—WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE— Continued PART O — W A R E H O I ' S K RECKIPTS AND B I L L S OF LADING: NEGOTIATION AND TRANSFER

Sec. 28:7—501. 28:7—502. 28:7—503. 28:7—504. 28:7—505. 28:7—506. 28:7—507. 28:7—508. 28:7—509.

Form of negotiation and requirements of "due negotiation". Rights acquired bj* due negotiation. Document of title to goods defeated in certain cases. Rights acquired in the absence of due negotiation; effect of diversion; seller's stoppage of delivery. Indorser not a g u a r a n to r for other parties. Delivers' without i n d o r s e m e n t: right to comijel indorsement. W a r r a n t i e s on negotiation or transfer of receipt or bill. W a r r a n t i e s of collecting bank as to documents. Receipt or b i l l: when adequate compliance with commercial contract.

PART 6 — W A R E H O U S E R E C E I P T S AND B I L L S OF LADING: MISCELLANEOUS PROVISIONS

28:7—601. Lost and missing documents. 28:7—602. Attachment of goods covered by a negotiable document. 28:7—603. Conflicting c l a i m s; interpleader.

PART 1—GENERAL Citation of at^ ti''!*-

§ 28:7—101. Short title This article shall be known and may be cited as Unifonn Commeroial Code—Documents of Title. §28:7—102. Definitions and index of definitions (1) In this article, unless the context otherwise requires: (a) "Bailee'- means the person who by a warehouse receipt, bill of lading or other document of title acknowledges possession of goods and contracts to deliver them. (b) "Consignee" means the person named in a bill to whom or to whose order the bill promises delivery. (c) "Consignor" means the person named in a bill as the person from whom the goods have been received for shipment. (d) "Delivery o r d e r ' means a written order to deliver goods directed to a warehouseman, carrier or other person who in the ordinary course of business issues warehouse receipts or bills of lading. (e) "Document" means document of title as defined in the general definitions in article 1 (section 28:1—201). (f) "Goods" means all things which are treated as movable for the purposes of a contract of storage or transportation. (g) "Issuer" means a bailee who issues a document except that in relation to an unaccepted delivery order it means the person who orders the possessor of goods to deliver. Issuer includes any person for whom an agent or employee purports to act in issuing a document if the agent or employee has real or apparent authority to issue documents, notwithstanding that the issuer received no goods or that the goods were misdescribed or that in any other respect the agent or employee violated his instructions. (h) "Warehouseman" is a person engaged in the business of storing goods for hire. (2) Other definitions applying to this article or to specified parts thereof, and the sections in which they appear are: "Duly negotiate" section 28:7—501. "Person entitled under the document" section 28:7—403(4).

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