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WAEC Commerce 2018 Question 33

Question 33

Wholesale Trade

Commercial agents who are authorized to keep goods until they are sold are

  1. A.factors.
  2. B.distributors.
  3. C.brokers.
  4. D.auctioneers.
Show the answer and explanation

Answer: A (factors.)

Explanation

A factor is given possession of the goods and sells them in his own name; a broker does not hold the goods.