30-7-505. Endorser not a guarantor for other parties. The endorsement of a document of title issued by a bailee does not make the endorser liable for any default by the bailee or by previous endorsers.
History: En. Sec. 7-505, Ch. 264, L. 1963; R.C.M. 1947, 87A-7-505.
Structure Montana Code Annotated
Part 5. Warehouse Receipts and Bills of Lading Negotiation and Transfer
30-7-501. Form of negotiation and requirements of due negotiation
30-7-502. Rights acquired by due negotiation
30-7-503. Document of title to goods defeated in certain cases
30-7-505. Endorser not a guarantor for other parties
30-7-506. Delivery without endorsement -- right to compel endorsement
30-7-507. Warranties on negotiation or delivery of document of title
30-7-508. Warranties of collecting bank as to documents of title