The president of Acme Co.introduces Bob to a third party as his vice-president of marketing and sales.In reality,however,Acme Co.'s president makes it clear to Bob that he is only the vice-president of marketing and has no authority to make sales.If Bob now enters into a contract for the sale of Acme Co.'s goods to the third party,as between Acme Co.and the third party:
A) there is no contract because Bob does not have express authority over sales.
B) there is no contract because Bob can only deal with matters of marketing.
C) there is a contract because Bob had apparent authority to enter into it.
D) there is no contract because it was not ratified by Acme Co.
E) there is a contract because Bob has express authority.
Correct Answer:
Verified
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