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 Virginia Ratification of the Alteration of an Instrument Which Was Made after Execution by the Party to be Charged refers to a legal process in the state of Virginia that pertains to the modification or amendment of a document after it has been executed by the party who is being held responsible. This involves seeking consent or ratification from the concerned party for any alterations made to the instrument, ensuring its validity under the law. In Virginia, the act of ratifying an altered instrument after execution is of great significance in maintaining transparency, authenticity, and the integrity of legal documents. It serves as a safeguard against any potential fraud or misrepresentation that may arise due to unauthorized modifications made to an already executed instrument. The process of Virginia Ratification of the Alteration of an Instrument After Execution by the Party to be Charged can be further categorized into two types: 1. Ratification by the original party: This occurs when the party who initially executed the instrument is the one seeking to ratify the alteration. This type of ratification involves the party acknowledging and accepting the modifications made to the instrument, thus validating its revised content. 2. Ratification by the party to be charged: In some instances, the alteration may be made by a third party without the knowledge or consent of the individual who is being held responsible (party to be charged). In such cases, the affected party can choose to ratify the changes made to the instrument, thereby assuming responsibility for its revised terms. Keywords: Virginia, Ratification, Alteration of an Instrument, Execution, Party to be Charged, Consent, Validity, Transparency, Authenticity, Integrity, Legal Documents, Fraud, Misrepresentation, Unauthorized Modifications, Ratification by the Original Party, Ratification by the Party to be Charged.
