A ……… is a mercantile agent entrusted with the possession of goods for the purpose of selling them. a. Commercial agent b. Factor c. Broker d. Commission agent

A ……… is a mercantile agent entrusted with the possession of goods for the
purpose of selling them.
a. Commercial agent
b. Factor
c. Broker
d. Commission agent
by

1 Answer

Answer :

b. Factor
by

Related questions

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Which of the following is not a situation of irrecoverable agency a. Where the agency is coupled with interest. b. Where the agency has incurred a personal liability. c. Where the agent has partly exercised his duty. d. Where the agent doesn’t exercised his duty.

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Which of the following is not a termination of agency by acts of the parties. a. Agreement b. Revocation by principal c. Insolvency d. Revocation by agent

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Which of the following is not a duty of principal? a. To pay remuneration to agent b. To indemnify the agent against the consequences of all lawful acts. c. Right to be indemnified against consequences of acts done in good faith d. Duty to pay money received.

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Last Answer : d. Duty to pay money received.

A person employed by, and acting under the control of the original agent is called……. a. Substitute agent b. Co-agent c. Sub agent d. Universal agent

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Last Answer : b. All agents are entitled to be paid for their services.

Which of the following statement is incorrect? a. An agency may be terminated by death of either party. b. An agency may be terminated by express agreement. c. An agency agreement can always be terminated by a principal. d. Mental incapability of an agent will terminate the agency relationship.

Description : Which of the following statement is incorrect? a. An agency may be terminated by death of either party. b. An agency may be terminated by express agreement. c. An agency agreement can always be terminated by a principal. d. Mental incapability of an agent will terminate the agency relationship.

Last Answer : c. An agency agreement can always be terminated by a principal.

What is undisclosed agency? a. When a third party is not informed of the exercise of the principal and believes the agent is acting on his own behalf. b. When the agent indicates through conduct he is acting as an agent. c. When the principal is not in existence. d. Where the third party knows there is a principal but doesn’t know his name.

Description : What is undisclosed agency? a. When a third party is not informed of the exercise of the principal and believes the agent is acting on his own behalf. b. When the agent indicates through conduct he is ... in existence. d. Where the third party knows there is a principal but doesn't know his name.

Last Answer : a. When a third party is not informed of the exercise of the principal and believes the agent is acting on his own behalf

When does apparent authority of an agent arise? a. When the acts with the usual authority of the job b. When the principal gives the agent implied authority to act c. When the agent has actual authority to act d. When the principal represents to a third party that an agent has the authority to act when in fact he doesn’t

Description : When does apparent authority of an agent arise? a. When the acts with the usual authority of the job b. When the principal gives the agent implied authority to act c. When the agent has actual authority ... represents to a third party that an agent has the authority to act when in fact he doesn't

Last Answer : d. When the principal represents to a third party that an agent has the authority to act when in fact he doesn’t

The contract which creates the relationship of an agent and principal a. Agency b. Bailment c. Pledge d. Offer

Description : The contract which creates the relationship of an agent and principal a. Agency b. Bailment c. Pledge d. Offer

Last Answer : a. Agency

Who has the primary responsibility in agency? a. Principal b. Agent c. Bailor d. Bailee

Description : Who has the primary responsibility in agency? a. Principal b. Agent c. Bailor d. Bailee

Last Answer : a. Principal

A person employed to do any act for another person is called. a. Agent b. Principal c. Agency d. Bailor

Description : A person employed to do any act for another person is called. a. Agent b. Principal c. Agency d. Bailor

Last Answer : a. Agent

Pledgor is also known as a) Pawnor b) Pawnee c) Bailor d) Agent

Description : Pledgor is also known as a) Pawnor b) Pawnee c) Bailor d) Agent

Last Answer : a) Pawnor

Pledgee is also known as a) Pawnee b) Pawnor c) Principal d) Agent

Description : Pledgee is also known as a) Pawnee b) Pawnor c) Principal d) Agent

Last Answer : a) Pawnee

The term bailment is derived from a French word “bailor”, which means: a) Depends b) Deliver c) Selling d) Buying

Description : The term bailment is derived from a French word “bailor”, which means: a) Depends b) Deliver c) Selling d) Buying

Last Answer : b) Deliver

On sellers wrongful refusal to deliver the unascertained goods to the buyer, the buyer can file a suit for recovery of a)goods b)damages c)both (a) and (b) d)none of these

Description : On sellers wrongful refusal to deliver the unascertained goods to the buyer, the buyer can file a suit for recovery of a)goods b)damages c)both (a) and (b) d)none of these

Last Answer : d)none of these

The unpaid seller can exercise his right of stoppage of goods in transit where the buyer a)refuse to pay price b)acts fraudulently c)become insolvent d)all of these

Description : The unpaid seller can exercise his right of stoppage of goods in transit where the buyer a)refuse to pay price b)acts fraudulently c)become insolvent d)all of these

Last Answer : d)all of these

In case a condition is changed to the status of a warranty ,then the buyer a)loses the right to reject goods b)retains right claim damages only c)both (a) and (b) are true d)both (a) and (b) are false

Description : In case a condition is changed to the status of a warranty ,then the buyer a)loses the right to reject goods b)retains right claim damages only c)both (a) and (b) are true d)both (a) and (b) are false

Last Answer : c)both (a) and (b) are true

In which of the following cases, the unpaid seller loses his right of lien? a) delivery of goods to buyer b)delivery of goods to carrier c) tender of price by buyer d) all of these

Description : In which of the following cases, the unpaid seller loses his right of lien? a) delivery of goods to buyer b)delivery of goods to carrier c) tender of price by buyer d) all of these

Last Answer : c) tender of price by buyer

In Case of unconditional contract of sale, the property passes to the buyer at the time of making the contract. for this to apply, the goods must be a) specific b)in a deliverable state c) physically transferred to buyer d)both(a) and (b)

Description : In Case of unconditional contract of sale, the property passes to the buyer at the time of making the contract. for this to apply, the goods must be a) specific b)in a deliverable state c) physically transferred to buyer d)both(a) and (b)

Last Answer : a) specific

An auction sale is complete on the a) fall of hammer b)delivery of goods c) payment of price d)both (b) and (c)

Description : An auction sale is complete on the a) fall of hammer b)delivery of goods c) payment of price d)both (b) and (c)

Last Answer : a) fall of hammer

On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

Description : On the payment of price by the buyer ,if the seller fails to deliver the goods ,then the buyer can file a suit for a) refund of price b)interest c) none of this d)both (a )and (b)

Last Answer : a) refund of price

In case on sale of approval the ownership is transferred to the buyer when he a) adopts the transactions b)accept the goods c) fail to return goods d)in all the above cases

Description : In case on sale of approval the ownership is transferred to the buyer when he a) adopts the transactions b)accept the goods c) fail to return goods d)in all the above cases

Last Answer : c) fail to return goods

The unpaid seller can exercise his right of lien over the goods for a) any lawfull charges b)price of goods c) storage charges d)all of these

Description : The unpaid seller can exercise his right of lien over the goods for a) any lawfull charges b)price of goods c) storage charges d)all of these

Last Answer : d)all of these