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Section 87: Effect of material alteration.

The Negotiable Instruments Act, 1881Central Act · Act 26 of 1881

Any material alteration of a negotiable instrument renders the same void as against anyone who is a party thereto at the time of making such alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties;

Alteration by indorsee.-- And any such alteration, if made by an indorsee, discharges his indorser from all liability to him in respect of the consideration thereof.

The provisions of this section are subject to those of sections 20, 49, 86 and 125.

Where this provision sits

ActThe Negotiable Instruments Act, 1881
Section87
Marginal noteEffect of material alteration.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it20

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