677.505 Indorser not guarantor for other parties.

677.505 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.

History. s. 1, ch. 65-254; s. 49, ch. 2010-131.

Note. s. 7-505, U.C.C.; supersedes s. 678.47.