Question

A mercantile agent possesses which of the following characteristics?

• A. He has the authority to buy and sell goods on behalf of his principal.
• B. He does not do business for himself, but only represents his principal in all business dealings.
• C. He is a business intermediary between the manufacturer and the ultimate consumer.
• D. All of the above

Answer 1

The correct option is D All of the above

A mercantile agent is a person who is appointed by those in business to act on their behalf or to represent them in dealing with other persons. The person on whose behalf he acts as an agent is known as the 'Principal'.