An acceptor or indorser of negotiable instrument is

bound by his acceptance or indorsement

A Under all circumstances Correct Answer Incorrect Answer

B Despite any previous alterations of the instrument Correct Answer Incorrect Answer

C Despite any previous or subsequent alterations of the instrument Correct Answer Incorrect Answer

D But not to the holder in due course Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Solution

Section 88 of NI Act Acceptor or indorser bound notwithstanding previous alteration—An acceptor or indorser of a negotiable instrument is bound by his acceptance or indorsement notwithstanding any previous alteration of the instrument.

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