A(n) ________ is defined by the UCC as a change, without consent, that nullifies the obligation of a party to the instrument.

Question

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An alteration, as defined by the Uniform Commercial Code (UCC), is any unauthorized change to a negotiable instrument that modifies the obligation of a party to the instrument. This could include changes to the amount payable, the date of payment, or any other term that affects the duty of a party.

A(n) ________ Is Defined by the UCC as a Change