Indorser not guarantor for other parties.

Checkout our iOS App for a better way to browser and research.

57A-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.

Source: SL 2009, ch 254, §7-505.


Download our app to see the most-to-date content.