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- Title
MATERIAL ALTERATION IN NEGOTIABLE INSTRUMENT VIS-À-VIS JUDICIAL INTERPRETATION.
- Authors
Kumar, Atal
- Abstract
The judicial rulings concerning alterations in negotiable instruments highlight the critical imperative of preserving the credibility and dependability of these essential commercial instruments. Courts endeavour to strike a delicate equilibrium between safeguarding the interests of innocent parties and discouraging fraudulent alterations. Through meticulous assessments of the character and consequences of alterations, considering the rights and liabilities of involved parties, offering appropriate remedies, and leveraging precedents, courts affirm the trust and confidence bestowed upon negotiable instruments as indispensable instruments of commerce. This considered approach not only underscores the legal system's commitment to maintaining the integrity of negotiable instruments but also reinforces its pivotal role in fostering trust, facilitating transactions, and sustaining the reliability of commercial practices.
- Subjects
NEGOTIABLE instruments; LEGAL judgments; JUSTICE administration; INTEGRITY; LEGAL precedent; COURTS
- Publication
VIDHIGYA: The Journal of Legal Awareness, 2023, Vol 18, Issue 1/2, p23
- ISSN
0973-3825
- Publication type
Article
- DOI
10.5958/0974-4533.2023.00003.9