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Section 87 of Negotiable Instruments Act, 1881

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Section 87 of Negotiable Instruments Act, 1881 deals with 'Effect of material alteration'

From the Act

Alteration by indorsee. Any material alteration of a negotiable instrument renders the same void as against any one 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.

Related Cases / Recent Cases / Case Laws

  • Veera Exports Vs T Kaluvathy AIR 2002 SC 38: A negotiable instrument including a cheque can be re-validated. Such re-validation of cheque will not be a material alternation within the meaning of Section 87 of the Act.