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.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 7 - Uniform Commercial Code — Documents of Title
Part 5 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer
§ 47-7-505. Indorser Not Guarantor for Other Parties
§ 47-7-506. Delivery Without Indorsement — Right to Compel Indorsement
§ 47-7-507. Warranties on Negotiation or Delivery of Document of Title
§ 47-7-508. Warranties of Collecting Bank as to Documents of Title