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Act No. 2137 Section 45

Act No. 2137 Section 45

Indorser not a guarantor.

Section 45

SEC. 45. Indorser not a guarantor.—The indorsement of a receipt shall not make the indorser liable for any failure on the part of the warehouseman or previous indorsers of the receipt to fulfill their respective obligations.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER III. →

Other provisions in CHAPTER III.

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2137 Section 45 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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