DOCUMENT OF TITLE

document of title.A written description, identification, or declaration of goods authorizing the

holder  (usu.  a  bailee)  to  receive,  hold,  and  dispose  of  the  document  and  the  goods  it  covers.  •

Documents of title, such as bills of lading, warehouse receipts, and delivery orders, are generally

governed by Article 7 of the UCC. See BAILMENT(1)–(3). [Cases: Carriers    51; Warehousemen

11. C.J.S. Carriers § 390; Warehousemen and Safe Depositaries §§ 23, 26–29.]

negotiable document of title.A document of title that actually stands for the goods it covers,

so that any transfer  of the  goods requires a surrender of the  document. UCC § 7-104(a). [Cases:

Bills  and  Notes    151;  Warehousemen    15.  C.J.S.  Bills  and  Notes;  Letters  of  Credit  §  131;

Warehousemen and Safe Depositaries § 36.]

nonnegotiable  document  of  title.A  document  of  title  that  merely  serves  as  evidence  of  the

goods  it  covers.  UCC  §  7-104(b).  [Cases:  Warehousemen    15.  C.J.S.  Warehousemen  and  Safe

Depositaries § 36.] [Blacks Law 8th]