Minimum version: Midgard 1.0
Updates the element record with id id with the information provided.
Returns TRUE on success, FALSE on failure.
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<?php
  $id    = 17;
  $name  = "ROOT";
  $value = "<HTML><BODY><(title)><(content)></BODY></HTML>";
  if(mgd_update_element( $id, $name, $value )){
    echo "Updated element.";
  }else{
    echo "Could not update element";
  }
?>
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