Question

A _______ is a mercantile agent whose ordinary course of business is to make contracts with other parties for the sale and purchase of goods and securities of which he is not entrusted with the possession for a commission called brokerage.

• A. Broker
• B. Factor
• C. Del Credere Agent
• D. Auctioneer

Answer 1

The correct option is A Broker

A broker is one who makes bargains for another and receives commission (brokerage) for so doing. He is an agent whose ordinary course of business is to negotiate and make contact for the sale and purchase of goods etc., of which he has neither possession nor control. He acts in the name of his principal.