Which of the following best describes alteration?
A)It is an authorized change in an instrument that does not necessarily modify the obligation of a party.
B)It is an authorized change in an instrument that is done during the process of theft.
C)It is an unauthorized change in an instrument that purports to modify in any respect the obligation of a party.
D)It is an authorized change in an instrument that is done under duress.

Question

Quizplus · Accepted Answer

Alteration refers to an unauthorized change in a document or instrument that attempts to change the obligations or rights established by that document. This can affect legal documents, financial instruments, and other formal agreements, making the alteration a critical issue in legal and financial contexts.

Which of the Following Best Describes Alteration