Question
Jim is an employee for ABC, Inc. Jim's employment contract specifically authorizes him to purchase components up to a purchase price of $100,000. Jim buys
Jim is an employee for ABC, Inc. Jim's employment contract specifically authorizes him to purchase components up to a purchase price of $100,000. Jim buys a water pump for his employer for $55,000. What best describes Jim's authority?
Group of answer choices
Implied Authority
Express Authority
Apparent Authority
Authority through Ratification
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Introduction to Law
Authors: Beth Walston Dunham
6th edition
978-1111642501, 1111642508, 1111311897, 978-1133707981, 113370798X, 978-1111311896
