There is a newer version of the Vermont Statutes
2013 Vermont Statutes
Title 09A Uniform Commercial Code
Article 7 Warehouse Receipts, Bills of Lading and Other Documents of Title
§ 505 Indorser not a guarantor for other parties
9A V.S.A. § 505 What's This?
7-505. Indorser not a guarantor for other parties
The indorsement of a document of title issued by a bailee does not make the indorser liable for any default by the bailee or by previous indorsers.
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