Acceptor or indorser bound despite prior alteration, preserving enforceability of acceptance or indorsement on negotiable instruments. An acceptor or indorser of a negotiable instrument remains bound by his acceptance or indorsement even where the instrument has been previously altered; prior alterations do not discharge the acceptor's or indorser's liability and the binding effect of acceptance and indorsement is preserved for enforcement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Acceptor or indorser bound despite prior alteration, preserving enforceability of acceptance or indorsement on negotiable instruments.
An acceptor or indorser of a negotiable instrument remains bound by his acceptance or indorsement even where the instrument has been previously altered; prior alterations do not discharge the acceptor's or indorser's liability and the binding effect of acceptance and indorsement is preserved for enforcement.
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