New York § 7-505 Indorser Not Guarantor for Other Parties

New York Statutes

§ 7-505 — Indorser Not Guarantor for Other Parties

New York § 7-505

Law UCCUniform Commercial Code

Part 5Warehouse Receipts and Bills of Lading: Negotiation and Transfer

Art. 7Documents of Title

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Bluebook

N.Y. Uniform Commercial Code § 7-505 (2026).

Text

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

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