An agent who takes tittle to goods and has authority to buy and sell on...

Commerce

JAMB 2007

An agent who takes tittle to goods and has authority to buy and sell on behalf of another is?

A. a jobber
B. a broker
C. a factor
D. an auctioneer

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Correct Answer: Option C

Explanation

A factor is a type of trader who receives and sells goods on commission, called factorage. He transacts business in his own name and without disclosing his principal.

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An agent who takes tittle to goods and has authority to buy and sell on...

Correct Answer: Option C

Explanation

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