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The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
ARTICLE 7
Documents of Title
PART 5
Warehouse Receipts and Bills of Lading: Negotiation and Transfer
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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.