Until yesterday, when X Co. fired Henry, Henry was employed as a purchasing representative, and over the time, he worked for X Co., Henry compiled an extensive list of X Co.'s customers. Henry, who is extremely angry over being fired, decides to get back at X Co., so he contacts X Co.'s largest supplier and on behalf of X Co. enters into a contract for the purchase by X Co. of 1 million dollars' worth of goods that X Co. really has no need for. In this situation,

Applying the principles of agency law, discuss the legal issues raised in the above situation.