Laseter v. Hill

Before the adoption of the Uniform Negotiable Instrument Act (Code 1923, §§ 9029-9214) there was great contrariety of opinion as to the effect of a subsequent material alteration by the payee, or a holder, after the issuance and delivery of a negotiable paper as a completed instrument, without the knowledge or consent of the maker, where the manner in which the instrument was drawn facilitated such alteration by affording opportunity to make such alteration without leaving any trace of the alteration.on the face of the paper sufficient to excite the susincion of a careful person dealing…