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.
Maryland Ratification of the Alteration of an Instrument Which Was Made after Execution by the Party to be Charged refers to the legal process in Maryland through which a party affirms or authorizes changes or alterations made to a document, contract, or legal instrument after it has been executed. This ratification serves to validate and enforce the revised terms and ensure that all parties involved are in agreement and bound by the altered provisions. In Maryland, the law recognizes that alterations made to a document after execution can potentially affect the intentions and rights of the signatories. Therefore, the Ratification of the Alteration of an Instrument requires the party to be charged, in other words, the party against whom the altered instrument is being used, to consent to the changes made. This ensures that the revised instrument is legally binding and can be enforced in the state. Keywords and phrases to associate with this topic include: 1. Ratification: The act of confirming or validating a change or alteration made to a document after it has been executed, ensuring its legal enforceability. 2. Alteration of an Instrument: Changes made to the terms, conditions, or provisions of a document or contract, which may include additions, deletions, modifications, or clarifications. 3. Execution: The formal process of signing, sealing, and delivering a legally binding document or agreement. 4. Party to be Charged: The individual or entity against whom the altered instrument is being utilized, whose consent is essential for the ratification process. 5. Legal instrument: A broad term encompassing any written document or agreement that functions as a legally binding contract, such as a lease, promissory note, deed, or contract. 6. Maryland: Referring to the specific jurisdiction where the ratification is taking place, highlighting the legal procedures and requirements specific to the state. Types of Ratification of the Alteration of an Instrument in Maryland may include: 1. Ratification by express consent: This type of ratification occurs when the party to be charged explicitly confirms and consents to the alterations made to the instrument. 2. Ratification by conduct: In this scenario, the party to be charged, through their actions or behavior, demonstrates acceptance of the changes made to the document. This can include accepting benefits or continuing to perform under the altered terms. 3. Implied ratification: Implied ratification can be inferred from the conduct or behavior of the party to be charged, even in the absence of explicit consent. For example, if the party continues to make payments or fails to object to the altered terms after having knowledge of the changes, it can be seen as implied consent. Overall, the Maryland Ratification of the Alteration of an Instrument Which Was Made after Execution by the Party to be Charged is a legal process that ensures the enforceability of changes made to a document after its initial execution, granting reliability and legal validity to the revised instrument.
