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WAEC Commerce 1994 Question 87

Question 87

Wholesale Trade

Which of the following takes possession of goods and sells in his own name?

  1. A.Factor
  2. B.Del credere agent
  3. C.Auctioneer
  4. D.Broker
  5. E.Special agent
Show the answer and explanation

Answer: A (Factor)

Explanation

A factor holds the goods and sells them in his own name.