Question

An acceptor or indorser of negotiable instrument is

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

Section88ofNIActAcceptororindorserboundnotwithstandingpreviousalterationAnacceptororindorserofanegotiableinstrumentisboundbyhisacceptanceorindorsementnotwithstandinganypreviousalterationoftheinstrument

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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Question

An acceptor or indorser of negotiable instrument is

Solution

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