Define Material Alteration.

1 year ago
Banking

According to sec.87 of the negotiable instruments Act, if a cheque is  materially altered, it cannot be regarded as a cheque at all. Therefore,  material alteration renders the cheque void. A material alteration affects  the parties at the time of alteration, and, it does not affect parties,  Subsequent to such an alteration

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Rusma Khadka
Rusma Khadka
May 23, 2023
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