Business law question without mentioning that he was making, Operation Management

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Business law question without mentioning that he was making

Business Law Question: Without mentioning that he was making the purchase on behalf of the principal, ABC firm, Bill bought a Cessna 305 from David. 2 weeks later, ABC declared bankruptcy and cannot now buy the airplane. David sues Bill for the purchase price. Is Bill liable to David? Why or why not? PLEASE EXPLAIN IN DETAIL.

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