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Statutes > New York Laws > UCC - Uniform Commercial Code > Article 7 - WAREHOUSE RECEIPTS, BILLS OF LADING AND OTHER DOCUMENTS OF TITLE > Part 5 - (7-501 - 7-509) WAREHOUSE RECEIPTS AND BILLS OF LADING: NEGOTIATION AND TRANSFER > 7-505 - Indorser Not a Guarantor for Other Parties.

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

7-505 - Indorser Not a Guarantor for Other Parties.

Section 7--505. Indorser Not a Guarantor for Other Parties. The indorsement of a document of title issued by a bailee does not make the indorser liable for any default by the bailee or by previous indorsers.

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