The President of Acme Co

question 111

Multiple Choice

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:

• A)there is no contract because Bob does not have express authority over sales.
• B)there is no contract because Bob can only deal with matters of marketing.
• C)there is a contract because Bob had apparent authority to enter into it.
• D)there is no contract because it was not ratified by Acme Co.
• E)there is a contract because Bob has express authority.

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Definitions:

Memory

The cognitive process of encoding, storing, and retrieving information, critical for learning and recalling past experiences.

Process

Refers to a series of actions, changes, or functions bringing about a result or outcome, often detailed in steps or stages.

Significance

The quality of being worthy of attention; importance.

Never Marrieds

Refers to individuals who have never entered into a legally recognized marriage or equivalent partnership by choice or circumstance.