88: Acceptor or indorser bound notwithstanding previous alteration
The Negotiable Instruments Act · Federal Acts · Chapter VII · in_force
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An acceptor or indorser of a negotiable instrument is bound by his acceptance or indorsement notwithstanding any previous alteration of the instrument.
Effective date: 1881-12-09
Related sections
87: Effect of material alteration Alteration by indorsee89: Payment of instrument on which alteration is not apparent86: Parties not consenting discharged by qualified or limited acceptance90: Extinguishment of rights of action on bill in acceptor’s hands85A: Drafts drawn by one branch of a bank on another payable to order91: Dishonour by non-acceptance
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