Alaska Statutes 45.07.505 – Endorser not guarantor for other parties
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Terms Used In Alaska Statutes 45.07.505
- bailee: means a person who, by a warehouse receipt, bill of lading, or other document of title, acknowledges possession of goods and contracts to deliver them. See Alaska Statutes 45.07.112
The endorsement of a tangible document of title issued by a bailee does not make the endorser liable for a default by the bailee or previous endorsers.