An agent who takes title to goods and has authority to buy and sell on behalf of another is
-
A.
A jobber -
B.
A broker -
C.
A factor -
D.
An auctioneer
Correct Answer: Option C
Explanation
A factor is a type of trader who receives and sells goods on commission (called factorage). A factor is a mercantile fiduciary transacting business in his own name and not disclosing his principal.