Article 7 of the UCC

Article 7 of the Uniform Commercial Code (UCC) deals with documents of title, which are important in the shipping and storage of goods. It sets rules for how such documents, like bills of lading and warehouse receipts, are handled. This article outlines the rights and responsibilities of parties involved, such as shippers, warehouse owners, and buyers, ensuring that ownership and control of goods can be transferred securely and efficiently. Overall, it aims to facilitate commerce by providing clear guidelines for transactions involving goods that are in transit or storage.