The president of Acme Co. introduces Bob to a third party as his ...

[humphriesbr@me.com]

The president of Acme Co. introduces Bob to a third party as his vice-president of marketing and sales. In reality, however, Acme Co.'s president makes it clear to Bob that he is only the vice-president of marketing and has no authority to make sales. If Bob now enters into a contract for the sale of Acme Co.'s goods to the third party, as between Acme Co. and the third party:
◦ there is no contract because it was not ratified by Acme Co.
◦ there is a contract because Bob has express authority.
◦ there is no contract because Bob can only deal with matters of marketing.
◦ there is no contract because Bob does not have express authority over sales.
◦ there is a contract because Bob had apparent authority to enter into it.

[mbcrismon]

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[humphriesbr@me.com]

Thanks for the timely response, appreciate it

[olderstudent]

Great answer, keep it coming