1. MCA Contents
  2. TITLE 30
  3. CHAPTER 7
  4. Part 5
  5. 30-7-505 Endorser not a guarantor for other parties

TITLE 30. TRADE AND COMMERCE

CHAPTER 7. UNIFORM COMMERCIAL CODE -- WAREHOUSE RECEIPTS, BILLS OF LADING, AND OTHER DOCUMENTS OF TITLE

Part 5. Warehouse Receipts and Bills of Lading Negotiation and Transfer

Endorser Not A Guarantor For Other Parties

30-7-505. Endorser not a guarantor for other parties. The endorsement of a document of title issued by a bailee does not make the endorser liable for any default by the bailee or by previous endorsers.

History: En. Sec. 7-505, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-505.