# 87 Effect of material alteration
Any material alteration of a negotiable instrument renders the same void as against anyone who is a party thereto at the time of making such alteration and does not consent thereto, unless it was made in order to carry out the common intention of the original parties;
Alteration by indorsee.-- And any such alteration, if made by an indorsee, discharges his indorser from all liability to him in respect of the consideration thereof.
The provisions of this section are subject to those of sections 20, 49, 86 and 125.
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OF DISCHARGE FROM LIABILITY ON NOTES, BILLS AND CHEQUES
84
When cheque not duly presented and drawer damaged thereby85
Cheque payable to order85A
Drafts drawn by one branch of a bank on another payable to order86
Parties not consenting discharged by qualified or limited acceptance88
Acceptor or indorser bound notwithstanding previous alteration89
Payment of instrument on which alteration is not apparent90
Extinguishment of rights of action on bill in acceptor's hands
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