Indorser not guarantor for other parties [UCC 7-505]
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.
Indorser not guarantor for other parties - UCC 7-505
Ohio Rev. Code Ann. § 1307.505, under Documents Of Title.
Ohio Rev. Code Ann. § 1307.505