Question

______ has full authority to perform all functions relating to the business on behalf of his principal.

• A. General Mercantile Agents
• B. Special/Particular Mercantile Agent
• C. Commission Agent
• D. Del Credere Agent

Answer 1

The correct option is A General Mercantile Agents

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.

A mercantile agent is one having authority in the course of business to sell goods or consign goods for the purpose of sale or to buy goods and even to raise money on the security of goods. A mercantile agent is also called a commissioner agent.