An alteration of a written instrument is a change in language of the instrument that is made by one of the parties to the instrument who is entitled to make the change. Any material alteration of a written instrument, after its execution, made by the owner or holder of the instrument, without the consent of the party to be charged, renders the instrument void as to the nonconsenting party. The party to be charged refers to that party or parties against whom enforcement of a contract or instrument is sought. If a party consents to the alteration, the instrument will not be rendered invalid as to that party.
North Carolina Ratification of the Alteration of an Instrument Which Was Made after Execution by the Party to be Charged refers to the legal process in which a party acknowledges and validates changes made to a previously executed instrument. This ratification act is specific to North Carolina jurisdiction and aims to resolve the issues arising from alterations made to a document after it was signed. In North Carolina, there are different types of ratification of an altered instrument, including: 1. Ratification of Alteration of a Promissory Note: This type of ratification applies to cases where changes are made to a promissory note after its execution by the party who is responsible for fulfilling the financial obligation mentioned in the note. The ratification serves to validate and confirm the amended terms. 2. Ratification of Alteration of a Contract: This type focuses on situations where alterations are made to a contract after it has been signed by the party who is bound to perform the contractual duties. The ratification is necessary to ensure the modified terms are accepted and enforceable. 3. Ratification of Alteration of a Mortgage Deed: This form of ratification deals with changes made to a mortgage deed after its execution by the party whose property is being mortgaged. The ratification acts as a means to validate any modifications made to the original agreement. 4. Ratification of Alteration of a Lease Agreement: This type of ratification pertains to cases where modifications are made to a lease agreement after it has been signed by the party who is renting or leasing the property. The ratification confirms the acceptance of the altered terms by the party responsible for abiding by the lease conditions. Keywords: North Carolina, ratification, alteration, instrument, execution, party to be charged, promissory note, contract, mortgage deed, lease agreement.North Carolina Ratification of the Alteration of an Instrument Which Was Made after Execution by the Party to be Charged refers to the legal process in which a party acknowledges and validates changes made to a previously executed instrument. This ratification act is specific to North Carolina jurisdiction and aims to resolve the issues arising from alterations made to a document after it was signed. In North Carolina, there are different types of ratification of an altered instrument, including: 1. Ratification of Alteration of a Promissory Note: This type of ratification applies to cases where changes are made to a promissory note after its execution by the party who is responsible for fulfilling the financial obligation mentioned in the note. The ratification serves to validate and confirm the amended terms. 2. Ratification of Alteration of a Contract: This type focuses on situations where alterations are made to a contract after it has been signed by the party who is bound to perform the contractual duties. The ratification is necessary to ensure the modified terms are accepted and enforceable. 3. Ratification of Alteration of a Mortgage Deed: This form of ratification deals with changes made to a mortgage deed after its execution by the party whose property is being mortgaged. The ratification acts as a means to validate any modifications made to the original agreement. 4. Ratification of Alteration of a Lease Agreement: This type of ratification pertains to cases where modifications are made to a lease agreement after it has been signed by the party who is renting or leasing the property. The ratification confirms the acceptance of the altered terms by the party responsible for abiding by the lease conditions. Keywords: North Carolina, ratification, alteration, instrument, execution, party to be charged, promissory note, contract, mortgage deed, lease agreement.
