Question

Alterations which does not affect the fundamental character of a cheque, are called ---.

• A. material alterations
• B. fundamental changes
• C. immaterial alterations
• D. irreversible modifications

Answer 1

Answer:

C. immaterial alterations

IMMATERIAL ALTERATION:

• Alteration does not affect the fundamental character of the cheque, it is called immaterial alteration. 

Examples of Immaterial Alteration:

• Altering a bearer cheque into order cheque. 

• Alteration made with the consent of parties. 

• Altering a generally crossed cheque into specially crossed cheque.