Section 88
Acceptor or indorser bound notwithstanding previous alteration
Chapter 7: Of discharge from liability on notes, bills and cheques
An acceptor or indorser of a negotiable instrument is bound by his acceptance or indorsement notwithstanding any previous alteration of the instrument.
The Negotiable Instruments Act, 1881 (Act No. 26 of 1881). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 85Cheque payable to order
- 85ADrafts drawn by one branch of a bank on another payable to order
- 86Parties not consenting discharged by qualified or limited acceptance
- 87Effect of material alteration
- 89Payment of instrument on which alteration is not apparent
- 90Extinguishment of rights of action on bill in acceptors’ hands