If Marge, a Vice President, Made a Contract on Behalf

question 81

True/False

If Marge, a vice president, made a contract on behalf of Barker Corporation when it was not within her authority, she is liable if she negligently exceeded her authority.

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Definitions:

Estimate

An approximation or prediction of a quantity based on sampled data, serving as a close representation of the actual value.

Laboratory Technician

A professional who performs diagnostic tests or experiments in a lab setting, often under the direction of scientists or other healthcare professionals.

Margin of Error

An expression of the amount of random sampling error in a survey's results, which indicates the range of accuracy.

Glass Containers

Durable and recyclable vessels made of glass used to hold liquids and solids, often utilized for storage and packaging.