Multiple choice

Mercantile Agent is having an authority to

  1. sell or consign goods

  2. raise money on the security of goods

  3. sell or buy goods

  4. any of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A mercantile agent has broad authority under the law. They can: sell goods, consign goods (for sale), buy goods on behalf of principal, AND raise money on security of goods (like pledging them). All these powers are inherent to mercantile agents acting within the course of business. Option D 'any of the above' is correct because mercantile agents have authority to do all the activities listed in A, B, and C. This question tests the comprehensive nature of a mercantile agent's authority in commercial transactions.

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