Coby is plumber who engages Peter to buy materials on his behalf. Peter is given

a limit of $1,500 on purchases that he makes on Coby's behalf. U-Bend Pty Ltd is

a wholesaler of PVC piping from whom Peter has purchased pipes before. The

company was selling piping at a discount price. Peter purchase a quantity of this

piping for $2,000 and arranged for delivery. Peter thought it was too good a deal

to pass up, even though it was in excess of his limit of $1,500. Coby is refusing to

accept the delivery of the pipes from U-Bend Pty Ltd

Under Agency Law, will Coby be bound by the purchase?