8.7-505 - Endorser not a guarantor for other parties.
§ 8.7-505. Endorser not a guarantor for other parties.
The endorsement of a tangible document issued by a bailee does not make theendorser liable for any default by the bailee or by previous endorsers.
(Code 1950, § 61-48; 1964, c. 219; 2004, c. 200.)