Thursday, November 01, 2007

NI Act_Practicle Problems_14

State with reasons whether there is any 'material alteration' in following cases and whether to invalidates the instrument.

a. D, in possession of an inchoate instrument where the amount has not been written on the instrument, writes himself the amount
b. K, in possession of an uncrossed cheque received from A writes 'Payee's Account Only' on the face of instrument.

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