Author Question: The president of Acme Co. introduces Bob to a third party as his vice-president of marketing and ... (Read 128 times)

humphriesbr@me.com · **on:** Aug 7, 2021

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 · **Reply #1 on:** Aug 7, 2021

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 29% of students answer this correctly