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Among the given, according to which section of N.I. act, 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 an alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties?
  • a)
    Section 16
  • b)
    Section 15
  • c)
    Section 127
  • d)
    Section 87
Correct answer is option 'D'. Can you explain this answer?
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Among the given, according to which section of N.I. act, any material ...
According to Section 87 of the N.I. Act, 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 an alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties. Any material alteration should be authenticated under the full signature of the drawer.
Hence, option (d) is the correct choice.
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Among the given, according to which section of N.I. act, 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 an alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties?a)Section 16b)Section 15c)Section 127d)Section 87Correct answer is option 'D'. Can you explain this answer?
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Among the given, according to which section of N.I. act, 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 an alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties?a)Section 16b)Section 15c)Section 127d)Section 87Correct answer is option 'D'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Among the given, according to which section of N.I. act, 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 an alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties?a)Section 16b)Section 15c)Section 127d)Section 87Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Among the given, according to which section of N.I. act, 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 an alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties?a)Section 16b)Section 15c)Section 127d)Section 87Correct answer is option 'D'. Can you explain this answer?.
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