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.

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The Answer of 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.

Dave,a Manager for Small Co