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.
The Arkansas Ratification of the Alteration of an Instrument Which Was Made after Execution by the Party to be Charged refers to a legal process that validates or approves any changes made to a document after it has been signed by the party who is legally responsible for it. This ratification is specific to the state of Arkansas and follows the guidelines set forth by its laws. In Arkansas, if any alterations or modifications are made to a legally binding instrument after it has been executed by the party to be charged (the party legally responsible for the document), the alteration would typically render the instrument void or unenforceable. However, there are provisions for ratification that can salvage the document's validity under certain circumstances. Ratification is the legal act of confirming, validating, or authorizing something that was previously invalid or questionable. In the context of the alteration of an instrument, ratification refers to the party to be charged explicitly approving, accepting, or adopting the changes made to the document. By doing so, they indicate their intent to be bound by the altered terms. It is important to note that ratification can only occur if the party to be charged has full knowledge and understanding of the changes made to the instrument. The party must also have the legal capacity and authority to ratify the alteration. Additionally, the ratification process typically involves formalities, such as the execution of a ratification agreement or the affixing of a signature or seal to the document. Keywords: — ArkansaRatificationio— - Alteration of Instrument — Execution by Party to be Charge— - Validity of Document — Legal Proces— - Ratification Agreement — Legal Authorit— - Formalities Different types of Arkansas Ratification of the Alteration of an Instrument Which Was Made after Execution by the Party to be Charged may include specific categories based on the type of instrument. Examples of these categories could be contracts, deeds, wills, leases, loan agreements, promissory notes, or any other legally binding document that falls within the jurisdiction of Arkansas law.
