Delaware Code Title 6 Sec. 7-505 – Indorser not guarantor for other parties
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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.
5A Del. C. 1953, §§ ?7-505; 55 Del. Laws, c. 349; 74 Del. Laws, c. 332, § ?39;
Terms Used In Delaware Code Title 6 Sec. 7-505
- Bailee: means a person that by a warehouse receipt, bill of lading, or other document of title acknowledges possession of goods and contracts to deliver them. See Delaware Code Title 6 Sec. 7-102
- Document: means :