Mercantile agent definition clarifies authority to sell, consign, buy, or raise money on goods under Sale of Goods Act. Definition of mercantile agent: the term denotes an agent who, in the customary course of business, has authority either to sell goods, to consign them ... Summary
Mercantile agent definition clarifies authority to sell, consign, buy, or raise money on goods under Sale of Goods Act.
Definition of mercantile agent: the term denotes an agent who, in the customary course of business, has authority either to sell goods, to consign them for the purposes of sale, to buy goods, or to raise money on the security of goods, with emphasis on the agent's customary business authority in commercial transactions.
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