The Law of _____________ defines the buyer's authority to act for the organization.

Question

Quizplus · Accepted Answer

The Law of Agency defines the authority of the buyer to act on behalf of the organization. This includes the power to enter into contracts, make purchases, and conduct other transactions necessary to the organization's business operations. It is important for buyers to understand the principles of agency law in order to properly fulfill their role and protect their organization's interests.

The Law of _____________ Defines the Buyer's Authority to Act