New Jersey Statutes
§ 12A:7-505 — Indorser not guarantor for other parties.
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
12A: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. L.2013, c.65, s.2.
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Nearby Sections
15
§ 12A:7-101
Short title.§ 12A:7-102
Definitions and index of definitions.§ 12A:7-103
Relation of chapter to treaty or statute.§ 12A:7-104. Negotiable and nonnegotiable document of title
§ 12A:7-104. Negotiable and nonnegotiable document of title§ 12A:7-105
Reissuance in alternative medium.§ 12A:7-106
Control of electronic document of title.§ 12A:7-202. Form of warehouse receipt; effect of omission.
§ 12A:7-202. Form of warehouse receipt; effect of omission.§ 12A:7-203
Liability for nonreceipt or misdescription.§ 12A:7-207
Goods must be kept separate; fungible goods.§ 12A:7-208
Altered warehouse receipts.§ 12A:7-209. Lien of warehouse.
§ 12A:7-209. Lien of warehouse.