Question

Which one of the following statements concerning mercantile agents is NOT true?

• A. Self - employed agents will not be classified as mercantile agents.
• B. Agents engaged for a single transaction are unlikely to be classified as mercantile agents.
• C. Agents involved in the provision to by goods will be classified as mercantile agents.
• D. Agents that do not have power to negotiate on this principal's behalf will not be classified as mercantile agent.

Answer 1

Answer: (A)

Self - employed agents will not be classified as mercantile agents.

Self - employed agents will not be classified as mercantile agents- this statement concerning mercantile agents is not true.A mercantile agent can be defined as 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.