A Mercantile Agent Is Called a 'Factor' If

question 63

Multiple Choice

A mercantile agent is called a 'factor' if:

• A)they are not in possession of the principal's property.
• B)they are in possession of the principal's property.
• C)they are an insurance broker.
• D)they are a stockbroker.

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Definitions:

Welded Tuff

A type of rock formed by the compaction and cementation of volcanic ash and debris, heated enough post-deposition to weld together.

Scoria

A dark gray, black, or reddish volcanic rock that contains abundant vesicles, usually having the composition of basalt or andesite; synonymous with volcanic cinders.

Basalt

A dark, fine-grained volcanic rock formed from the rapid cooling of magnesium- and iron-rich lava, characteristic of oceanic crust.

Basaltic Lava

A type of lava that flows from volcanic eruptions, characterized by its low viscosity and high iron and magnesium content.