§ 7–505. Indorser not guarantor for other parties

Cite as: 80 CNCA § 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.

Historical Data

LA 26–03, eff. October 2, 2003.