28-7-505 INDORSER NOT GUARANTOR FOR OTHER PARTIES.
COMMERCIAL TRANSACTIONS
CHAPTER 7
DOCUMENTS OF TITLE
PART 5.
WAREHOUSE RECEIPTS AND BILLS OF LADING -- NEGOTIATION AND TRANSFER
28-7-505. 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.