Fred in his capacity as an agent for Maree, is authorised to purchase some beds for her furniture stores at a limit of $400 each. Fred could not purchase the beds at this price so he purchased in his...

Fred in his capacity as an agent for Maree, is authorised to purchase some beds for her furniture stores at a limit of $400 each.


Fred could not purchase the beds at this price so he purchased in his own name, 200 beds at $500 each. Maree later discussed this with Fred and agree to ratify his act. Now both are refusing to pay for the beds when they are delivered.


Who is liable for this amount?