Purchase Planner Question:
Download Questions PDF

Is a company liable for a purchase order valued at $100,000 placed by a purchasing agent that who has been granted authority only up to $50,000?

Answer:

Purchasing agents have broad implied or apparent authority. The company would be liable for the $50,000 purchase order.

Download Purchase Planner Interview Questions And Answers PDF

Previous QuestionNext Question
Can a shipment be rejected by just simply returning it?Tell me about the statute of limitations under the UCC?