The endorsement of a tangible document issued by a bailee does not make the endorser liable for any default by the bailee or by previous endorsers.
Code 1950, § 61-48; 1964, c. 219; 2004, c. 200.
Structure Code of Virginia
Title 8.7 - Commercial Code - Warehouse Receipts, Bills of Lading and Other Documents of Title
§ 8.7-501. Form of negotiation and requirements of "due negotiation"
§ 8.7-502. Rights acquired by due negotiation
§ 8.7-503. Document to goods defeated in certain cases
§ 8.7-505. Endorser not a guarantor for other parties
§ 8.7-506. Delivery without endorsement; right to compel endorsement
§ 8.7-507. Warranties on negotiation or delivery of receipt or bill
§ 8.7-508. Warranties of collecting bank as to documents
§ 8.7-509. Receipt or bill; when adequate compliance with commercial contract