An employee of a company, acting within the scope of their employment, makes a binding contract with a third party. Which of the following is true regarding the liability of the company for the contract?
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A
The company is not liable because the employee did not have express authority to make the contract.
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B
The company is liable if the employee had actual authority to make the contract, whether express or implied.
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C
The company is not liable if the employee had only apparent authority to make the contract.
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D
The company is liable only if the employee was authorized by the company’s board of directors to make the contract.