§ 26-1-7-102 — Definitions and index of definitions

Indiana § 26-1-7-102

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 1: UNIFORM COMMERCIAL CODE
• Ch. 7: Documents of Title

Text

(a) In this chapter unless the context
otherwise requires:
(1) "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.
(2) "Carrier" means a person that issues a bill of lading.
(3) "Consignee" means a person named in a bill of lading to
which or to whose order the bill promises delivery.
(4) "Consignor" means a person named in a bill of lading as the
person from which the goods have been received for shipment.
(5) "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.
(6) "Good faith" means honesty in fact and the observance of
reasonable commercial standards of fair dealing.
(7) "Goods" means all things that are treated as movable for the
purposes of a contract for storage or transportation.
(8) "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. The term includes a person for
which an agent or employee purports to act in issuing a document
if the agent or employee has real or apparent authority to issue
documents, even if the issuer did not receive any goods, the goods
were misdescribed, or in any other respect the agent or employee
violated the issuer's instructions.
(9) "Person entitled under the 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.
(10) [Reserved.]
(11) "Shipper" means a person that enters into a contract of
transportation with a carrier.
(12) [Reserved.]
(13) "Warehouse" means a person engaged in the business of
storing goods for hire.
(b) Other definitions applying to this chapter and the sections in
which they appear are:
"Duly negotiate". IC 26-1-7-501.
"Contract for sale". IC 26-1-2-106.
"Lessee in the ordinary course of business". IC 26-1-2.1-103(o).
"Receipt" of goods. IC 26-1-2-103.
(c) In addition, IC 26-1-1 contains general definitions and principles
of construction and interpretation applicable throughout this chapter.
Formerly: Acts 1963, c.317, s.7-102. As amended by
P.L.152-1986, SEC.245; P.L.143-2007, SEC.25; P.L.199-2023,
SEC.33.