Brenda Is a Purchasing Agent for Commodities Exchange Corporation

question 3

Essay

Brenda is a purchasing agent for Commodities Exchange Corporation.Dennis,a Commodities corporate officer,gives Brenda written authority to buy for the firm as many computers and peripheral devices as necessary.The next day,Dennis calls Brenda and tells her to buy only fifty note?book computers and nothing else.Brenda shows the written authority to E-Products,Inc.,and enters into a contract with E-Products to buy sixty note?book computers and a selection of printers,scanners,and extra storage media.E-Products ships the order to Commodities.Is Commodities li?able to E-Products under the contract? Is Brenda liable? In each case,if so,why? If not,why not?

---

Definitions:

Interest Rates

Interest rates represent the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan amount.

Own Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, ceteris paribus.

Cell Phones

Portable electronic devices that enable users to make voice calls, send text messages, and access various forms of digital media and internet services.

Pay Phone Industry

The business sector involved in providing public telephones that operate with the insertion of coins or by credit card payments.