An agent employed to sell goods delivered to him by the principal is referred to as a?

A. special agent
B. del credere agent
C. factor
D. universal agent

Correct Answer:

Option C – factor

Explanation

A factor is a type of trader / agent who receives and sells goods on commission (called factorage). A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal.