This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
A change in the rate of interest,1 increasing2 or diminishing3 the rate; or inserting the rate of interest which had been left blank, if the rate inserted is different from the legal rate;4 or adding a clause increasing the interest rate after maturity ;5 adding an interest clause where there was none before,6 or erasing an interest clause that was originally inserted7 is a material alteration.
 
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