§ 47-7-501 Form of negotiation and requirements of due negotiation
§ 47-7-502 Rights acquired by due negotiation
§ 47-7-503 Document of title to goods defeated in certain cases
§ 47-7-504 Rights acquired in absence of due negotiation – Effect of diversion – Stoppage of delivery
§ 47-7-505 Indorser not guarantor for other parties
§ 47-7-506 Delivery without indorsement – Right to compel indorsement
§ 47-7-507 Warranties on negotiation or delivery of document of title
§ 47-7-508 Warranties of collecting bank as to documents of title
§ 47-7-509 Adequate compliance with commercial contract
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Terms Used In Tennessee Code > Title 47 > Chapter 7 > Part 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer

  • 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 Tennessee Code 47-7-102
  • Carrier: means a person that issues a bill of lading. See Tennessee Code 47-7-102
  • Consignee: means a person named in a bill of lading to which or to whose order the bill promises delivery. See Tennessee Code 47-7-102
  • Consignor: means a person named in a bill of lading as the person from which the goods have been received for shipment. See Tennessee Code 47-7-102
  • Contract: A legal written agreement that becomes binding when signed.
  • Delivery order: means a record that contains an order to deliver goods directed to a warehouse, carrier, or other person that in the ordinary course of business issues warehouse receipts or bills of lading. See Tennessee Code 47-7-102
  • Fraud: Intentional deception resulting in injury to another.
  • Good faith: means honesty in fact in the conduct or transaction concerned. See Tennessee Code 47-7-102
  • Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Tennessee Code 47-7-102
  • 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 Tennessee Code 47-7-102
  • 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
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Warehouse: means a person engaged in the business of storing goods for hire. See Tennessee Code 47-7-102