Idaho Code
Part 4 - LIABILITY OF PARTIES
Section 28-3-407 - ALTERATION.

28-3-407. ALTERATION. (1) "Alteration" means (i) an unauthorized change in an instrument that purports to modify in any respect the obligation of a party, or (ii) an unauthorized addition of words or numbers or other change to an incomplete instrument relating to the obligation of a party.
(2) Except as provided in subsection (3) of this section, an alteration fraudulently made discharges a party whose obligation is affected by the alteration unless that party assents or is precluded from asserting the alteration. No other alteration discharges a party, and the instrument may be enforced according to its original terms.
(3) A payor bank or drawee paying a fraudulently altered instrument or a person taking it for value, in good faith and without notice of the alteration, may enforce rights with respect to the instrument (i) according to its original terms, or (ii) in the case of an incomplete instrument altered by unauthorized completion, according to its terms as completed.

History:
[28-3-407, added 1993, ch. 288, sec. 2, p. 1041.]

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Structure Idaho Code

Idaho Code

Title 28 - COMMERCIAL TRANSACTIONS

Chapter 3 - UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS

Part 4 - LIABILITY OF PARTIES

Section 28-3-401 - SIGNATURE.

Section 28-3-402 - SIGNATURE BY REPRESENTATIVE.

Section 28-3-403 - UNAUTHORIZED SIGNATURE.

Section 28-3-404 - IMPOSTORS — FICTITIOUS PAYEES.

Section 28-3-405 - EMPLOYER’S RESPONSIBILITY FOR FRAUDULENT INDORSEMENT BY EMPLOYEE.