Question

Agent who is authorized to sell goods or consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is known as ______.

• A. Special agent
• B. General agent
• C. Universal agent
• D. Mercantile agent

Answer 1

The correct option is D Mercantile agent

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’.