An Alteration of an Instrument Is Material If It Changes

question 28

True/False

An alteration of an instrument is material if it changes the terms between two parties in any way.

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Definitions:

Altered

Changed, modified, or adjusted from the original state or form.

Green Grocer

A retailer specializing in the sale of fresh produce, including fruits and vegetables.

Failure of Consideration

A situation where the promised performance in a contract is not fulfilled, making the contract voidable.

Breach of Contract

The failure to fulfill the terms or obligations outlined in a contract.