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An agent employed to sell goods delivered to him by the principal is referred to as a

An agent employed to sell goods delivered to him by the principal is referred to as a
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Special agent
  • B Del credere agent
  • C Factor
  • D Universal agent
Correct Answer: Option C
Explanation:
A factor is a type of trader / agent who receives and sells goods on commission (called factorage). A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal.

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