State Codes and Statutes

Statutes > New-york > Ucc > Article-7 > Part-5 > 7-505

Section 7--505. Indorser Not a Guarantor for Other Parties.    The  indorsement  of  a  document of title issued by a bailee does not  make the indorser liable for any default by the bailee  or  by  previous  indorsers.

State Codes and Statutes

Statutes > New-york > Ucc > Article-7 > Part-5 > 7-505

Section 7--505. Indorser Not a Guarantor for Other Parties.    The  indorsement  of  a  document of title issued by a bailee does not  make the indorser liable for any default by the bailee  or  by  previous  indorsers.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Ucc > Article-7 > Part-5 > 7-505

Section 7--505. Indorser Not a Guarantor for Other Parties.    The  indorsement  of  a  document of title issued by a bailee does not  make the indorser liable for any default by the bailee  or  by  previous  indorsers.