Without Ted's Knowledge, Phil, Who Frequently Purchased Lumber on Ted's

question 56

True/False

Without Ted's knowledge, Phil, who frequently purchased lumber on Ted's behalf, purchased a large quantity of plywood from Chris as agent for Ted. Phil intended to advise Ted of the purchase later . If Ted had died before the contract was negotiated by Phil, the purchase agreement would be unenforceable, because the principal did not exist at the time when the agreement was made.

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Definitions:

Marketing Plan

A detailed document outlining an organization's marketing strategies, tactics, budget, and timelines to achieve specific marketing objectives.

Social Control

Mechanisms, strategies, and institutions that societies use to regulate individual behavior and maintain social order.

Cultural Control

The practice of managing and influencing the cultural aspects of an organization to align with its goals and values.

Corporate Culture

Corporate Culture denotes the shared values, beliefs, attitudes, and practices that characterize an organization, influencing its decision-making and work environment.