402.505 Seller’s shipment under reservation.
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/wi/chapter-402/402-505A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
402.505 Seller’s shipment under reservation.
(1)Where the seller has identified goods to the contract by or before shipment:
(a)The seller’s procurement of a negotiable bill of lading to the seller’s own order or otherwise reserves in the seller a security interest in the goods. The seller’s procurement of the bill to the order of a financing agency or of the buyer indicates in addition only the seller’s expectation of transferring that interest to the person named.