An agent who takes title to goods and has authority to buy and sell on behalf of another is?

A. A jobber
B. A broker
C. A factor
D. An auctioneer

Correct Answer:

Option C – A factor

Explanation

A factor is a type of trader 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.