The obligations imposed by this chapter on an issuer apply to a document of title even if:
(1) The document does not comply with the requirements of this chapter or of any other statute, rule, or regulation regarding its issuance, form, or content;

Terms Used In Idaho Code 28-7-401

  • Bailee: means a person that by a warehouse receipt, bill of lading, or other document of title acknowledges possession of goods and contracts to deliver them. See Idaho Code 28-7-102
  • Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Idaho Code 28-7-102
  • Issuer: means a bailee that issues a document of title or, in the case of an unaccepted delivery order, the person that orders the possessor of goods to deliver. See Idaho Code 28-7-102
  • person: includes a corporation as well as a natural person;
Idaho Code 73-114
  • Statute: A law passed by a legislature.
  • Warehouse: means a person engaged in the business of storing goods for hire. See Idaho Code 28-7-102
    • (2) The issuer violated laws regulating the conduct of its business;
    (3) The goods covered by the document were owned by the bailee when the document was issued; or
    (4) The person issuing the document is not a warehouse but the document purports to be a warehouse receipt.