RCW 62A.7-505: Indorser not guarantor for other parties.

62A.7-504 << 62A.7-505 >> 62A.7-506

PDFRCW 62A.7-505

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.

[ 2012 c 214 s 605; 1965 ex.s. c 157 s 7-505. Cf. former RCW sections: (i) RCW 22.04.460; 1913 c 99 s 45; RRS s 3631. (ii) RCW 63.04.380; 1925 ex.s. c 142 s 37; RRS s 5836-37. (iii) RCW 81.32.361; 1961 c 14 s 81.32.361; prior: 1915 c 159 s 36; RRS s 3682; formerly RCW 81.32.450.]

NOTES:

Application—Savings—2012 c 214: See notes following RCW 62A.1-101.