A bailment is created when personal property is delivered (without title) under an agreement that the property be returned to the bailor or otherwise disposed of according to its ownerıs directions. Bailments involving tangible items (jewelry, cattle, automobiles, etc.) are more frequent than bailments of intangible personal property (promissory notes, shares of stock, etc.).
A bill of lading is a special kind of bailment. Any commercial transaction may involve a shipment or storage of goods covered by a bill of lading, a warehouse receipt, or a delivery order. These documents of title are subject to Article 7 of the UCC. To be a document of title, a document ımust purport to be issued by or addressed to a bailee and purport to cover goods in the baileeıs possession which are either identified or are fungible portions of an identified massı [UCC 7ı102(1)(e)].
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Download: Request for Delivery of Goods in Absence of Bill of Lading; Offer of Bond
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