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Mr. Sumair appointed Mr. Zahid as authorized agent for Sumair's Faisalabad based dealership. Zahid authorization was limited to the transaction upto Rs. 2 Million. Owing

Mr. Sumair appointed Mr. Zahid as authorized agent for Sumair's Faisalabad based dealership. Zahid authorization was limited to the transaction upto Rs. 2 Million. Owing to sudden decrease in market prices, Zahid decided to enter into a deal of Rs. 3 Million to avoid any loss. Whether Mr. Zahid need prior approval for this?

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