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Article 7 of the Uniform Commercial Code (the "UCC") governs documents of title covering goods. It focuses primarily on rights in goods held by a bailee during the storage and shipment thereof and the transfer of such rights.

A document used to acknowledge the receipt of a shipment of goods is known as a bill of lading. A transportation company or carrier issues a bill of lading to a shipper. A bill of lading acknowledges the receipt of goods.

Storage unit auctions are the last resort facility owners undertake when these situations arise. When the tenant doesn't pay their monthly dues or has simply just abandoned the unit, the self-storage company has the right to sell the contents of the unit in a public auction to the highest bidder.

The Uniform Commercial Code regulates the sale of goods. However, there are a few sales situations that the UCC does not include under its code regulations. The UCC only includes the sales from merchants with specialized knowledge. Any sales between two private parties would not be included in the UCC requirements.

Section 7-209(1) of the UCC provides that a warehouser has a lien on goods covered by a warehouse receipt to recover the following charges and expenses: charges for storage or transportation, insurance, labor, and expenses necessary to preserve the goods.

"Document of title" includes bill of lading, dock warrant, dock re- ceipt, warehouse receipt or order for the delivery of goods, and also any other document which in the regular course of business or financing is treated as adequately evidencing that the person in possession of it is entitled to receive, hold and

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Create a letter that you can use to demand an amount be paid or the goods will be auctioned for sale. Download this professional Notice Of Intent To Exercise Warehouse Lien By Auction template now!In contrast, a contractor or supplier will send a notice of intent to lien only after they complete work and payment is overdue. 713.135 Notice of commencement and applicability of lien. Notice requirements—Public auction—Accumulation of storage charges. You will likely get a letter notifying you of the company's intentions well before the actual sale. A 30-day notice provision would be typical. Rental equipment liens. Such notification must include a statement of the amount due, the nature of the proposed sale and the time and place of any public sale. 407.210, the warehouse may specify in the notice given under sub.

Notice Intent Form

Description Notice Exercise Agreement

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How to fill out Notice Of Intent To Exercise Warehouse Lien By Auction?

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What is Article 7 of the UCC?

What is the bill of lading in UCC?

When can a storage unit be auctioned off in Florida?

What is the UCC sale of goods?

What is the 7 209 of the UCC?

Which of the following is a document of title under Article 7 of the UCC?

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