Texas Business and Commerce Code 7.505 – Indorser Not Guarantor for Other Parties
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Business and Commerce Code 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 Texas Business and Commerce Code 7.102
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.