A Mercantile Agent Is an Agent Who

question 61

Multiple Choice

A mercantile agent is an agent who:

• A)Is authorised to act on behalf of the principal in commercial matters.
• B)Sells the principal's property in the agent's own name.
• C)Is authorised to act on behalf of the principal in private matters.
• D)Sells the principal's property in the principal's name.

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Definitions:

Compliance

The act of conforming to a request or demand from others, often used in a psychological context to describe when a person changes their behavior in response to an explicit or implicit request.

Obedience

The act of following orders or directions from those in authority.

Stereotype

A commonly accepted yet simplified and rigid perception or conception of a specific kind of individual or object.

Prejudice

Preconceived opinion or bias, often negative, towards someone or something based on stereotypes rather than relevant facts.