Question

An agent which sells the goods, which are in its possession for his principal, is __________.

• A. a broker
• B. a factor
• C. an auctioneer
• D. None of the above

Answer 1

Answer: (A)

a broker

An agent, which sells the goods, which are in its possession for his principal, is broker. Broker is responsible for arranging transactions between the buyer and seller of any goods. A broker is entitled to a certain amount of commission when the deal is executed.