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WAEC Commerce 1999 Question 44

Question 44

Wholesale Trade

Which of the following have lien on goods in their possession until their commission is paid?

  1. A.Brokers
  2. B.Factors
  3. C.Auctioneers
  4. D.Wholesale merchants
Show the answer and explanation

Answer: B (Factors)

Explanation

Factors hold the principal's goods and may keep them until paid.