Bob, a sales manager for BuyMore, stopped by The Grill to meet a client for dinner. Bob always enjoyed having an expensive bottle of wine with dinner to impress his clients. This client, Mary, owns an antique import business, is well traveled and really appreciated the fine French wine that Bob ordered. The service was slow and the bottle was empty before dinner arrived. Not wanting to appear cheap, Bob ordered another bottle of the wine. During dinner, Bob offered to sell Mary a hundred shipping crates for $500 each. Mary quickly agreed knowing the price was an incredible deal. They both signed the agreement Bob had prepared in advance. On his way home, Bob stopped to see his girlfriend. When he was telling her about the evening, Bob realized that $500 would barely cover the cost of the crates. Distraught at the thought of no commission, Bob immediately left for home. On the way home, he ran a stop sign and hit an oncoming car, seriously injuring the other driver.

1) What kind of liability does BuyMore have for Bob's actions?

2) Was a valid contract formed, binding BuyMore?

3) What kind of liability does Bob face?