Terms Used In Montana Code > Title 30 > Chapter 7 > Part 4 - Warehouse Receipts and Bills of Lading General Obligations

• 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 Montana Code 30-7-102
• Carrier: means a person that issues a bill of lading. See Montana Code 30-7-102
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Good faith: means honesty in fact and the observance of reasonable commercial standards of fair dealing. See Montana Code 30-7-102
• Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Montana Code 30-7-102
• 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 Montana Code 30-7-102
• Lien: A claim against real or personal property in satisfaction of a debt.
• Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
• Person entitled under a document: means the holder, in the case of a negotiable document of title, or the person to which delivery of the goods is to be made by the terms of, or pursuant to instructions in a record under, a nonnegotiable document of title. See Montana Code 30-7-102
• Statute: A law passed by a legislature.
• Warehouse: means a person engaged in the business of storing goods for hire. See Montana Code 30-7-102