MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Stock Market

is a special ...

Question

______ is a special mercantile agent who sells the goods of his principal by auction.

A

A del credere agent

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

A commission agent

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

An auctioneer

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

A broker

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C An auctioneer
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'.

Suggest Corrections

thumbs-up

0

Similar questions

Q. A/An_____is an agent who sells goods by auction.

Q. A merchant pays

9

%

3

%

del-credere to his agent. If the agent sells the goods of Rs.

45, 000

, find the total earning of the agent.

Q. A small Scale Industry gives

9

% commission and

5

% del-credere to his agent. If the agent sells the goods of Rs.

95, 000

, find the total earning of the agent.

Q. A _______ is a mercantile agent employed to sell goods which have been placed in his possession or contract to buy goods for his principal. He is the apparent owner of the goods in his custody and can sell them in his own name and receive payment for the goods.

Q. A_______ is a mercantile agent, who is consideration of an extra remuneration guarantees to his principal that the purchasers who buy on credit will pay for the goods they take.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Stock Market

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon