A is employed to purchase goods on his own credit for P. When A goes bankrupt, this seriously impedes his ability to serve P. Nonetheless, A buys some goods from T on P's behalf. T knows nothing about A's financial condition, and reasonably believes that A has authority to contract. The question is whether P is bound to this contract. Which of the following is true? Assume, as is obvious, that P did nothing to inform T that the agency had ended (if it did end).
A) P is liable on the contract even though the agency terminated.
B) P is liable on the contract because the agency remained in existence.
C) P is liable on the contract because he ratified it by not notifying T.
D) P is not liable on the contract because the agency terminated, and this also terminated A's express, implied, and apparent authority.