§ 7505. 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.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 75 - Warehouse Receipts and Bills of Lading: Negotiation and Transfer
Section 7501 - Form of negotiation and requirements of due negotiation
Section 7502 - Rights acquired by due negotiation
Section 7503 - Document of title to goods defeated in certain cases
Section 7505 - Indorser not guarantor for other parties
Section 7506 - Delivery without indorsement; right to compel indorsement
Section 7507 - Warranties on negotiation or delivery of document of title
Section 7508 - Warranties of collecting bank as to documents of title