New York Laws > Uniform Commercial Code > Article 7 > Part 6 – Warehouse Receipts and Bills of Lading: Miscellaneous Provisions
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Other versions
§ 7-601 | Lost, Stolen, or Destroyed Documents of Title |
§ 7-602 | Judicial Process Against Goods Covered by Negotiable Document of Title |
§ 7-603 | Conflicting Claims; Interpleader |
Terms Used In New York Laws > Uniform Commercial Code > Article 7 > Part 6 - Warehouse Receipts and Bills of Lading: Miscellaneous Provisions
- 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 N.Y. Uniform Commercial Code 7-102
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Docket: A log containing brief entries of court proceedings.
- Good faith: means honesty in fact and the observance of reasonable commercial standards of fair dealing. See N.Y. Uniform Commercial Code 7-102
- Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See N.Y. Uniform Commercial Code 7-102
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.