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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Purchasing And Supply Chain Management

ISBN: 9780324381344

4th Edition

Authors: Robert M. Monczka, Robert B. Handfield, Larry Giunipero

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