Bills of Exchange Act · 2023 Revised Edition · Part 2
64. Alteration of bill
Official textFrom Attorney General's Chambers, unchanged
Where a bill or acceptance is materially altered without the assent of all parties liable on the bill, the bill is avoided except as against a party who has himself made, authorised or assented to the alteration, and subsequent indorsers:
Provided that where a bill has been materially altered, but the alteration is not apparent, and the bill is in the hands of a holder in due course, such holder may avail himself of the bill as if it had not been altered, and may enforce payment of it according to its original tenor.
holder
“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
In particular, the following alterations are material, namely, any alteration of the date, the sum payable, the time of payment, the place of payment and, where a bill has been accepted generally, the addition of a place of payment without the acceptor’s assent.
Acceptance and payment for honour
acceptance
“acceptance” means an acceptance completed by delivery or notification;
Terms defined in s 2
acceptance
Defined · s 2“acceptance” means an acceptance completed by delivery or notification;
holder
Defined · s 2“holder” means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof;
Part
Cheques on Banker
Part
Promissory Notes
Part