Statutes > Rhode Island Statutes > Title 6A - Uniform Commercial Code > CHAPTER 6A-7 - Documents of Title > § 6A-7-505 - Indorser not guarantor for other parties.

§ 6A-7-505 - Indorser not guarantor for other parties.

SECTION 6A-7-505

   § 6A-7-505  Indorser not guarantor forother parties. – The indorsement of a tangible document of title issued by a bailee does notmake the indorser liable for any default by the bailee or previous indorsers.