New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    According to Sales of Goods Act, 1930 “ mercantile

    agent ” means a mercantile agent having in the customary course of business as such
    A agent authority either to sell goods, Correct Answer Incorrect Answer
    B consign goods for the purposes of sale, Correct Answer Incorrect Answer
    C to buy goods, Correct Answer Incorrect Answer
    D to raise money on the security of goods Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Section 2 of Sales of Goods Act, 1930 mercantile agent" means a mercantile agent having in the customary course of business as such agent authority either to sell goods, or to consign goods for the purposes of sale, or to buy goods, or to raise money on the security of goods  

    Practice Next

    Relevant for Exams: