Endorser not a guarantor for other parties.

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Effective - 28 Aug 1965

411.591. Endorser not a guarantor for other parties. — The endorsement of a receipt shall not make the endorser liable for any failure on the part of the warehouseman or previous endorsers of the receipt to fulfill their respective obligations.

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(L. 1965 p. 606)

CROSS REFERENCE:

Commercial code provisions, 400.7-505


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