An Unauthorized Alteration of ANY of the Material Terms in a Written

question 45

True/False

An unauthorized alteration of ANY of the material terms in a written contract discharges the entire contract.

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Definitions:

Given Value

The consideration or price paid for something; often used in the context of transactions or agreements to denote the value exchanged.

Antecedent Claim

A claim or right that precedes another in time or is earlier within a legal context or agreement.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt.

Real Defenses

Defenses available in a legal action that can be used against any claimant, not just the original party to a contract.