Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jane is the inventory manager for CAM Inc. Jim, the CFO, gives fane written authority to buy far the firm as many computers and electronic
Jane is the inventory manager for CAM Inc. Jim, the CFO, gives fane written authority to buy far the firm as many computers and electronic equipment and devices as necessary. The next day, he calls Jane and tells her to buy only fifty notebook computers and one iPad Pro but nothing else until Further notice because the company is experiencing financial strain. Jane faxes the written authority to Apple and Orange, Inc., and enters into a contract with Apple and Orange, Inc. to buy eighty' notebook computers and a selection of printers, scanners, and extra storage media. To Fulfill the order, Apple and Orange, inc. must increase production, incur costs, and contract with other suppliers. Apple and Orange, Inc. ship Jane's order to CAM inc. Jim receives the invoice and does not want to pay. Is CAM Inc. liable- to Apple and Orange Inc. under the contract? Why or why not? Is fane liable? Why or why not
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started