The difference between a factor and a broker is that the ...
The difference between a factor and a broker is that the former
is licensed to sell goods on auction
has a lien on the goods he possesses
is not in possession of the goods
cannot sell in his own name
Correct answer is B
Factors and Brokers are both and equally agents; but with this difference: the Factor is entrusted with the property which is the subject-matter of the agency; the Broker is only employed to make a bargain in relation to it. This means that, a broker does not take the possession of goods while a factor takes title of the goods
That part of the money in circulation not backed by gold is known as? ...
Who among the following comes first in the channel of distribution? ...
The sales of goods through a medium that accepts money and delivers the items to the customer is ...
The temporary working area of the control processing unit is called the? ...
The postal organization which preceded the Nigerian Postal Service is ...
Commerce aids the development of any economy as it ...
Water corporation is an example of ______? ...
Which of the following CANNOT be sold through a vending machine? ...