Monday, November 05, 2007

NI Act_Practicle Problems_25

State whether the following alterations are material or not:

a. A bill for Rs.1,000 is changed into a bill for Rs.2,000.
b. A bill is accepted payable at Dena Bank is changed to a bill accepted pay­able at Canara Bank.
c. A bill payable to P is changed into a bill payable to P and Q.
d. A bill was endorsed in blank and handed over to Y, who endorsed as 'Pay to Z or order’.

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