Indorser not guarantor for other parties.

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  4. Indorser not guarantor for other parties.

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12A:7-505. Indorser not guarantor for other parties.

12A:7-505. Indorser Not Guarantor For Other Parties.

The indorsement of a tangible document of title issued by a bailee does not make the indorser liable for any default by the bailee or previous indorsers.

L.2013, c.65, s.2.


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