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State whether the following statement is True or False: A factor is an agent who is given the possession of goods and enters a contract for sale in his/her own name

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Question

State whether the following statement is True or False: 

A factor is an agent who is given the possession of goods and enters a contract for sale in his/her own name

Options

  • True

  • False

MCQ
True or False
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Solution

True

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Commission and Brokerage Agent
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Chapter 2.1: Commission, Brokerage and Discount - Q.3

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