Assertion: alteration | /r/HasProperty | material
Facets:
Source sentences:
text: An alteration is material:
text: An alteration of a signature that changes the legal effect of an instrument is material.
text: An alteration is material if it (1) changes the burden of a party (as by changing the date, time, place, amount, or rate of interest), (2) changes the liabilities or duties of any party (as by adding or removing the name of a maker, drawer, indorser, payee, or cosurety), or (3) changes the operation of the instrument or its effect in evidence (as by adding words or negotiability, changing the form of an indorsement, or changing the liability from joint to several).