N.Y. Uniform Commercial Code § 7-505 – Indorser Not Guarantor for Other Parties | Midpage
7-505
N.Y. Uniform Commercial Code § 7-505
Indorser Not Guarantor for Other Parties
Effective Dec 26, 2014
Section 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.