Suppose you sign a contract with a supplier for $5,000 worth of steel castings. You tell the
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Suppose you sign a contract with a supplier for $5,000 worth of steel castings.
You tell the supplier that you are only authorized to sign contracts for $4,000 without approval from the comptroller of your company, but the supplier agrees anyway.
Later, you find out that you only need $2,500 worth of castings. How many dollars worth of castings are you legally bound to purchase from the supplier?
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Related Book For
Purchasing And Supply Chain Management
ISBN: 9780324381344
4th Edition
Authors: Robert M. Monczka, Robert B. Handfield, Larry Giunipero
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