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Question
Your professor is tired of the slow and inefficient computer in his office so he purchases a new computer from one of your school's suppliers and has it charged to the school. Your professor has never been permitted to charge a purchase of over $25.00 without prior approval. At the end of the month when the bill comes in, your professor is told that he or she should not have bought the computer and is told never to exceed $25.00 without prior approval again. Never-the-less, the school agrees to pay the bill. Under what theory has the agency contract been created?A.Actual authority.
B.Implied authority.
C.Apparent authority.
D.Ratification.
Answer
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