Dave,a manager for Small Co. ,has authority to contract for credit sales of up to $100,000.Dave decides to extend $300,000 of credit for Christmas merchandise to a new customer with

Dave,a manager for Small Co. ,has authority to contract for credit sales of up to $100,000.Dave decides to extend $300,000 of credit for Christmas merchandise to a new customer with solid financial statements.Discuss if Small Co.is bound by this transaction and how Small Co.might choose to be bound if not already bound.


Leave a Reply

Your email address will not be published.