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NORTH CAROLINA STATUTES AND CODES
§ 25-7-505. Indorser not guarantor for other parties.
§ 25‑7‑505. Indorser not guarantor for other parties.
The indorsement of a tangibledocument of title issued by a bailee does not make the indorser liable for anydefault by the bailee or previous indorsers. (1917, c. 37, s. 45; 1919, c. 65, s. 35; C.S., ss.317, 4085; 1965, c. 700, s. 1; 2006‑112, s. 25.)
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