Dorian enters into a supply contract with BigCo on behalf of Gray Industries. Dorian is a manager

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Dorian enters into a supply contract with BigCo on behalf of Gray Industries. Dorian is a manager for Gray Industries but is not authorized to enter into supply contracts. Which of the following statement(s) is/are true?

I. Gray Industries may still ratify the supply contract.

II. Dorian had actual authority to enter into the contract.

III. Gray Industries must honor the contract under any circumstances.

a. I only

b. II only

c. I, II. and III

d. I and II

e. II and III

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The Legal Environment Of Business A Managerial Approach Theory To Practice

ISBN: 9781259686207

3rd Edition

Authors: Sean P Melvin; F E Guerra-Pujol

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Question Posted: Apr 05, 2024 11:00 PM

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Dorian enters into a supply contract with BigCo on behalf of Gray Industries. Dorian is a manager

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a Under the rules of ratification the principal Gray Industries ...View the full answer

The Legal Environment Of Business A Managerial Approach Theory To Practice

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