What is the legal position if Tim wishes to change a minor term of a contract his agent made on his behalf?

Study for the CII Insurance Law (M05) exam. Enhance your preparation with quizzes featuring multiple choice questions, detailed hints, and explanations. Get ready to ace your test!

When Tim wishes to change a minor term of a contract made by his agent on his behalf, the legal position generally requires that he ratify the entire contract rather than just a specific term. This is due to the principle of ratification in contract law, which asserts that when a principal ratifies a contract made by an agent, the principal accepts the contract as a whole.

The rationale behind this principle is that a contract is seen as an integrated agreement, where all parts are interrelated and interdependent. By choosing to ratify a contract partially, such as excluding just one minor term, Tim could disrupt the balance of rights and obligations set out in the original agreement. This could lead to disputes or intentions that were not originally envisaged by both parties at the time of the agreement.

Therefore, if Tim wishes to make any changes, he needs to ratify the entire contract to ensure that all parties remain on the same page regarding terms, obligations, and rights. This also protects the interests of the other party involved in the contract, maintaining the contractual integrity and mutual agreement established initially.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy