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Alaska Statutes.
Title 45. Trade and Commerce
Chapter 7. Warehouse Receipts, Bills of Lading, and Other Documents of Title
Section 505. Endorser Not a Guarantor For Other Parties.
previous: Section 504. Rights Acquired in the Absence of Due Negotiation; Effect of Diversion; Seller's Stoppage of Delivery.
next: Section 506. Delivery Without Endorsement; Right to Compel Endorsement.

AS 45.07.505. Endorser Not a Guarantor For Other Parties.

The endorsement of a document of title issued by a bailee does not make the endorser liable for a default by the bailee or by previous endorsers.

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Last modified 9/3/2005