Indorser not guarantor for other parties.

N.J. Stat. § 12A:7-505
in effect
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12A: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. L.2013, c.65, s.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

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