alleryStart learning →A mercantile agent may have authority to:
AOnly audit goods in a warehouse
BOnly fix the tax on goods
CSell, buy or raise money on goods
DOnly carry goods by rail
Answer & Solution
Correct answer: C. Sell, buy or raise money on goods
A mercantile agent is one authorised in the customary course of business to sell, consign for sale, buy, or raise money on the security of goods.
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Related questions
The Indian Sale of Goods Act, 1930 borrowed heavily from which law?In a sale by sample, the bulk must correspond with the sample in:In a sale by sample, the buyer is impliedly entitled to:A contract is a sale by sample when it has:An express warranty or condition, as to implied ones:An implied condition about quality or fitness may be annexed by:An implied condition of merchantable quality applies if goods are bought from a seller whoAn implied condition of fitness arises when the buyer: