The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called ______________?
Correct answer: D. Mercantile agent
- A. Agent
- B. None of above
- C. Partner
- D. Mercantile agent
Explanation
A mercantile agent has customary authority to sell or consign goods, buy goods, or raise money using goods as security. This is a specialised form of agent under the Sale of Goods Act.
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Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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