§ 10:7-102 — Definitions and index of definitions

Louisiana § 10:7-102

• Jurisdiction: Louisiana
• Title 10: Commercial Laws

Text

§7-102. Definitions and index of definitions
(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. "Bailor"
means a person that delivers possession of goods to a bailee.
(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) [Reserved.]
(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) [Reserved.]
(12) "Shipper" means a person that enters into a contract of transportation with a
carrier.
(13) "Warehouse" means a person engaged in the business of storing goods for hire.
(b) In this Chapter:
(1) "Contract for sale" means both a present sale of goods and a contract to sell
goods at a future time.
(2) "Lessee in ordinary course of business" means a person that becomes a lessee of
goods in good faith, without knowledge that the lease violates the rights of another person
in the goods, and in the ordinary course from a person, other than a pawnbroker, in the
business of selling or leasing goods of that kind. A lessee in the ordinary course of business
may lease for cash, or by exchange of other property, or on secured or unsecured credit, and
may acquire goods or documents of title under a preexisting lease.
(3) "Receipt of goods" means taking physical possession of the goods.
(c) In addition, Chapter 1 contains general definitions and principles of construction
and interpretation applicable throughout this Chapter.
(d) In this Chapter, "lien" means a privilege on movable property created by
operation of law in favor of a creditor.

Legislative History

Added by Acts 1978, No. 164, §1, eff. Jan. 1, 1979. Acts 1989, No. 135, §5, eff. Jan. 1, 1990; Acts 2009, No. 207, §3, eff. Jan. 1, 2010; Acts 2024, No. 773, §1.