GroundRules
N.C. Gen. Stat. § 25-7-505: Indorser not guarantor for other parties.
Where this section sits in the code
- Chapter 25. Uniform Commercial Code.
- Article 7. Documents of Title.
- Part 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer.
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. (1917, c. 37, s. 45; 1919, c. 65, s. 35; C.S., ss. 317, 4085; 1965, c. 700, s. 1; 2006-112, s. 25.)
Collected 2026-08-27T17:58:47Z. Source file · JSON