Multiple choice

The agent should be in possession of goods with the consent of the

  1. owner

  2. seller

  3. buyer

  4. principal

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under the law of agency and bailment, an agent must be in possession of goods with the consent of the owner. The agent's possession derives from the owner's authorization - the agent acts on behalf of the owner and holds the goods in a fiduciary capacity. The seller is the party transferring ownership, the buyer is the recipient, and the principal is the party represented by the agent. But the foundational consent comes from the owner, who has the right to possess and transfer the goods.