28-7-505. 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.
History:
[28-7-505, added 2004, ch. 42, sec. 2, p. 95.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 7 - DOCUMENTS OF TITLE
Part 5 - WAREHOUSE RECEIPTS AND BILLS OF LADING — NEGOTIATION AND TRANSFER
Section 28-7-501 - FORM OF NEGOTIATION AND REQUIREMENTS OF DUE NEGOTIATION.
Section 28-7-502 - RIGHTS ACQUIRED BY DUE NEGOTIATION.
Section 28-7-503 - DOCUMENT OF TITLE TO GOODS DEFEATED IN CERTAIN CASES.
Section 28-7-505 - INDORSER NOT GUARANTOR FOR OTHER PARTIES.
Section 28-7-506 - DELIVERY WITHOUT INDORSEMENT — RIGHT TO COMPEL INDORSEMENT.
Section 28-7-507 - WARRANTIES ON NEGOTIATION OR DELIVERY OF DOCUMENT OF TITLE.
Section 28-7-508 - WARRANTIES OF COLLECTING BANK AS TO DOCUMENTS OF TITLE.
Section 28-7-509 - ADEQUATE COMPLIANCE WITH COMMERCIAL CONTRACT.