Indorser not guarantor for other parties [UCC 7-505]
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.
Ohio Rev. Code Ann. § 1307.505
Indorser not guarantor for other parties - UCC 7-505
Known as the Uniform Commercial Code
The act spans §§ 1307–1307 (43 sections).
Effective: June 29, 2011; Latest Legislation: House Bill 9 - 129th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.