Can a Letter of Authority be amended through verbal agreement?

Can a previously signed Letter of Authority obtained by a broker, be amended a year later if the client agrees over to the amendments over the phone? p.s. the amendment is the date.

7 viewscommercial law

Alasdair Taylor's Answer

I don’t know the answer to this one I’m afraid: I’m not familiar with this type of letter of authority.

However, you do need to be careful amending dates, to ensure there is no risk of a fraud.

EDIT: on the fraud point, see this blog post from Mark Anderson yesterday:

Backdating contracts can be a crime

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