use irac method

Emily is a senior executive at Platform Three Ltd, a company that imports and sells mechanical parts for trains. Last month, the CEO resigned unexpectedly and the board are having difficulty finding a suitable replacement. Several important projects are in jeopardy of failing because there is no CEO. Emily steps up and takes on some of the responsibilities of the former CEO to ensure the projects don't fail. This includes negotiating and entering a number of supply contracts on behalf of Platform Three Ltd. The board know that Emily is acting this way but say nothing because they don't want to see the projects fail. The board becomes aware of a contract entered by Emily for a $13 million shipment of parts from Indonesia. Although this is the kind of contract that the CEO would normally have entered, the directors are unhappy with the deal because they think Emily paid too much. They wish to get out of the contract on the basis that Emily did not have the proper authority to make such a deal. Advise the directors of Platform Three Ltd