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KembaraXtra – Legal Terms – Mercantile Agent
A mercantile agent is a commercial agent authorized to deal with goods on behalf of another person, known as the principal.
Such an agent may have authority to sell goods, consign them for sale, purchase goods, or obtain loans secured against goods belonging to the principal.
Mercantile agents play an important role in commercial transactions by acting as intermediaries between principals and third parties in the marketplace.
Their powers and authority are generally governed by agency law and commercial custom.
A mercantile agent is a commercial agent authorized to deal with goods on behalf of another person, known as the principal.
Such an agent may have authority to sell goods, consign them for sale, purchase goods, or obtain loans secured against goods belonging to the principal.
Mercantile agents play an important role in commercial transactions by acting as intermediaries between principals and third parties in the marketplace.
Their powers and authority are generally governed by agency law and commercial custom.
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