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Code · Illinois · Chapter 810 — COMMERCIAL CODE · Act 5

Sec. 7-505. Indorser not a guarantor for other parties.

36 words·~1 min read·/il/chapter-810/act-5/7-505

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Sec. 7-505. Indorser not a 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.
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