28-7-505 INDORSER NOT GUARANTOR FOR OTHER PARTIES.

TITLE 28

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.