ConElectric Inc. is a consumer electronics company. Arnold is a procurement officer and ConElectric agent who procures components from suppliers on the company's behalf. ConElectric recently terminated Arnold's contract but did not inform the suppllers. After his termination, Arnold pretended that he was stll working for ConElectric, collected components from suppllers, and absconded without paying. In the context of termination of the agency relationship, whic following statements is most likely to be true?

Multiple Choice

ConElectric is liable to the suppliers for Arnold's actions even after termination of the contract, regardless of whether it notified the suppliers.

ConElectric is not liable to the suppliers for Arnold's actions, as it is the suppliers' duty to do a background check.

ConElectric is not liable for Arnold's actions under any circumstances, as Arnold was just an agent

ConElectric is liable to the suppliers for Amold's actions because it did not notify the suppliers about his termination.