An agent who takes possession of goods and sells in his own name is known as?
- a broker
- a del credere agent
- an auctioneer
-
a factor
The correct answer is: D
Explanation
A factor is an agent who takes possession of goods and sells them in his own name. Factors typically operate on behalf of principals (the owners of the goods) and handle the entire process of selling, including taking title to the goods, storing them, and finding buyers. They earn their income through commissions or fees charged for their services.