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Luisa's boss at her company ( the Company ) authorized her to spend up to $ 2 5 , 0 0 0 to purchase 5
Luisa's boss at her company the "Company" authorized her to spend up to $ to purchase new IPads for the office. Luisa then called The Apple Store, and they told her the best they could offer was new IPads for $ Thinking this would be the best she could get, Luisa accepted Apple's offer on the Company's behalf. When she told her boss, he was furious because she had exceeded her authorization. After stewing for an hour, he told her the Company would honor the contract she had negotiated and buy the Pads for $ Which of the below is most correct?
The Company's acceptance of the $ contract formed an Agency by Ratification between the Company and Luisa
The Company's acceptance of the $ contract formed an Apparent Agency between the Company and Luisa
The Company's acceptance of the $ contract formed an Implied Agency between the Company and Luisa
Since Luisa exceeded the authority she was originally expressly granted her by the company, no Agency relationship can later be formed.
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