Connecticut General Statutes 42a-7-505 – Endorser not guarantor for other parties
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The endorsement of a tangible document of title issued by a bailee does not make the endorser liable for any default by the bailee or previous endorsers.
Terms Used In Connecticut General Statutes 42a-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 Connecticut General Statutes 42a-7-102