23 Question 23

Company A hired nich as an agent and gave him a letter authorizing him to make purchases on behalf of the company. In a separate email, the company explained to Nich that he could only make purchases for 100,000 or less in other words, 100,000 was the reservation price for his negotiations . Nich showed B the letter of authority from the company but did not mention the 100,00 limitation. that the company explained in the email. except that nich agreed to pay 105,000 in the contract with B . select one:

Company A is bound by the contract because Nich had express authority

Company A is bound by the contract because Nich had apparent authority

Company A is bound by the contract because of illegality

Company A is bound by the contract because of unconscionably

Company A is bound by the contract because of fraud

none of above