Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 1 - Uniform Commercial Code > Chapter 7 - Warehouse Receipts, Bills Of Lading, And Other Documents Of Title > Part 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer > § 4-7-505 - Indorser not guarantor for other parties.

§ 4-7-505 - Indorser not guarantor for other parties.

4-7-505. 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.