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  • SECTION 7-504
    Rights Acquired in Absence of Due Negotiation; Effect of Diversion; Stoppage of Delivery
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  • PART 5
    Warehouse Receipts and Bills of Lading: Negotiation and Transfer
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  • SECTION 7-506
    Delivery Without Indorsement: Right to Compel Indorsement
    • This entry was published on 2014-12-26
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    SECTION 7-505

    Indorser Not Guarantor for Other Parties

    Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 5

    Section 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.