A mercantile agent is an agent who:
A) is authorised to act on behalf of the principal in commercial matters.
B) sells the principal's property in the agent's own name.
C) is authorised to act on behalf of the principal in private matters.
D) sells the principal's property in the principal's name.
Correct Answer:
Verified
Q36: The agent's duty of confidentiality is a
Q37: The agent has a duty to pass
Q38: The indemnity a principal ordinarily owes to
Q39: An agent must keep the funds of
Q40: An agent who does something that they
Q42: A del credere agent:
A)agrees to indemnify the
Q43: Authority by ratification exists if the principal:
A)authorises
Q44: If an agent is appointed to engage
Q45: A is engaged as the personal assistant
Q46: An agent may have apparent authority to
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