Terms Used In Wisconsin Statutes > Chapter 407 > Subchapter V - 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 Wisconsin Statutes 407.102
• Carrier: means a person that issues a bill of lading. See Wisconsin Statutes 407.102
• Consignee: means a person named in a bill of lading to which or to whose order the bill promises delivery. See Wisconsin Statutes 407.102
• Consignor: means a person named in a bill of lading as the person from which the goods have been received for shipment. See Wisconsin Statutes 407.102
• 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 Wisconsin Statutes 407.102
• Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
• Fraud: Intentional deception resulting in injury to another.
• Good faith: means honesty in fact and the observance of reasonable commercial standards of fair dealing. See Wisconsin Statutes 407.102
• Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Wisconsin Statutes 407.102
• 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 Wisconsin Statutes 407.102
• 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 all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
• 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 Wisconsin Statutes 407.102