Question

An acceptor or indorser of negotiable instrument is

Q: Answer-An acceptor or indorser of negotiable instrument is bound by his acceptance or indorsement

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

bound by his acceptance or indorsement

A Under all circumstances

B But not to the holder in due course

C Despite any previous alterations of the instrument

D Despite any previous or subsequent alterations of the instrument

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CBI APP and PP

An acceptor or indorser of negotiable instrument is

Solution

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