UNIX uses the same for directories as for files, but they are interpreted differently. This interpretation will make sense if you remember that a directory is nothing more than a list of files. Creating a file in a directory, renaming a file or deleting a file from a directory requires changing this list: therefore, you need write access to the directory to create or delete a file. Modifying a file's contents does not require you to change the directory; therefore, you can modify files even if you don't have write access to the directory (providing that you have write access to the file).
Reading a directory is relatively straightforward: you need read access to be able to list the contents of a directory (find out what files it contains, etc.). If you don't have read access, you can't list the contents of the directory. However (surprise!) you can still access files in the directory, provided that you already know their names.
Execute access for a directory has no meaning per se, so the designers of UNIX have reassigned this bit. It is called the search bit. Search access is needed to perform any operation within a directory and its subdirectories. In other words, if you deny execute access to a directory, you are effectively denying access to the directory and everything beneath it in the directory tree.
The exception is that thecan do absolutely anything at any time.
Article 22.1 introduces other articles about file and directory access.