Question: If a purchasing manager, in carrying out normal procurement responsibilities, exceeds his or her actual but not apparent authority, then the employer is still responsible

If a purchasing manager, in carrying out normal procurement responsibilities, exceeds his or her actual but not apparent authority, then the employer is still responsible for the performance of the resulting contract but could seek legal action against the purchasing manager personally.

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Q 19.4. Could a firm undertaking an open-market repurchase program be accused of manipulating its stock price?

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