warehouse

Structure used for the reception and storage of goods and merchandise. Carter v. Bauman, C.C. A.Cal., 19 F.2d 855, 856.

The term may include any structure used to hold goods, stores or wares temporarily or for a length of time. In re Miller Land & Livestock Co., D.C.Mont., 56 F.Supp. 34, 35

@ warehouse book

A book used by merchants to contain an account of the quantities of goods received, shipped, and remaining in stock

@ warehouseman

One engaged in business of receiving and storing goods of others for compensation or profit; person who receives goods and merchandise to be stored in his warehouse for hire. U.C.C. No. 7-102. State ex rel. and for Use and Benefit of Cawrse v. American Surety Co. of New York, 148 Or. 1, 35 P.2d 487, 491.

The business is public or private as it may be conducted for storage of goods of general public or for those of certain persons. The general commercial laws governing rights and liabilities of warehousemen are provided in U.C.C. No. 7-201 et seq

@ warehousemen's lien

Right of warehouseman to retain possession of goods until storage charges have been paid.

See U.C.C. No.No. 7-209, 7-210

@ warehouse receipt

A document in the form of "a receipt issued by a person engaged in the business of storing goods for hire." U.C.C. No. 1-201(45). It is evidence of title to goods thereby represented. No. 1-210(15). For form and content of warehouse receipt, see U.C.C. No. 7-202.

As regards altered warehouse receipts, see No. 7-208.

See also field warehouse receipt

@ warehouse system

A system of public stores or warehouses, established or authorized by law, called "bonded warehouses," in which an importer may deposit goods imported, in the custody of the revenue officers, paying storage, but not being required to pay the customs duties until the goods are finally removed for consumption in the home market, and with the privilege of withdrawing the goods from store for the purpose of re-exportation without paying any duties.

@ bonded warehouse

Special type of private warehouse used to store products on which a federal tax must be paid before they can be sold

See also warehouse system

@ warehousing

Practice of mortgage banker of holding mortgages until the market for their resale improves. Term also refers to situation when a corporation gives advance notice of its intention to launch a tender offer to institutional investors who are then able to purchase stock in the target company before the tender offer is made public and the price of shares rises. Chiarella v. United States, 445 U.S. 222, 234,100 S.Ct. 1108,1117, 63 L.Ed.2d 348

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