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WAEC Commerce 1998 Question 48

Question 48

Wholesale Trade

A mercantile agent having title to goods in his possession is known as

  1. A.factor
  2. B.broker
  3. C.jobber
  4. D.auctioneer
  5. E.stag
Show the answer and explanation

Answer: A (factor)

Explanation

A factor has possession of the goods and sells them in his own name.