Which section of the Negotiable Instruments Act, 1881 deals with the effect of material alteration of a…
Section 87 governs material alteration. Subject to statutory exceptions, a material alteration renders the instrument void against an existing party who did not consent,…
Choose your answer
Which section of the Negotiable Instruments Act, 1881 deals with the effect of material alteration of a negotiable instrument?
Answer and explanation
Correct answer C
Section 87 governs material alteration. Subject to statutory exceptions, a material alteration renders the instrument void against an existing party who did not consent, unless the alteration carries out the original parties’ common intention.
Option feedback
Option A
Section 85 addresses payment in due course of cheques payable to order or bearer.
Option B
Section 86 concerns discharge of parties who do not consent to qualified or limited acceptance.
Option C
Section 87 governs the effect of material alteration.
Option D
Section 88 concerns an acceptor or indorser who is bound despite previous alteration.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
Karnataka Judicial Services
-
CUET PG Law (LL.M.)
Subject revision