Oregon Statutes 77.5050 – Indorser not a 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 by previous indorsers. [1961 c.726 § 77.5050; 2009 c.181 § 81]
Terms Used In Oregon Statutes 77.5050
- 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 Oregon Statutes 77.1020