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WAEC Commerce 1993 Question 40

Question 40

Wholesale Trade

A person who sells goods belonging to another person in his own name and receives commission is a

  1. A.wholesaler
  2. B.retailer
  3. C.sole trader
  4. D.factor
  5. E.merchant
Show the answer and explanation

Answer: D (factor)

Explanation

A factor has possession of the principal's goods and sells them in his own name for a commission.