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LSDefine

Simple English definitions for legal terms

commission merchant

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A quick definition of commission merchant:

A commission merchant is a person who sells things for someone else and gets paid a commission for doing so. They have control over the things they are selling and can sell them in their own name. They may also buy accounts receivable at a discount. In some cases, a commission merchant may also be in charge of managing property, like real estate. In Scotland, a judicial factor is a special type of commission merchant appointed by the Court of Session to manage an estate.

A more thorough explanation:

A commission merchant, also known as a factor, is an agent who is employed to sell property for the principal and who possesses or controls the property. They receive and sell goods for a commission.

For example, a clothing manufacturer may hire a commission merchant to sell their products to retailers. The commission merchant would receive a percentage of the sale as their commission.

A factor differs from a broker because the factor possesses or controls the property. They may sell the goods in their own name and have a general discretion as to their sale.

In addition to selling goods, a factor may also buy accounts receivable at a discount or act as a garnishee. In Scots law, a judicial factor is an administrator or factor specially appointed by the Court of Session to manage an estate.

Overall, a commission merchant or factor plays an important role in the buying and selling of goods, acting as an intermediary between the seller and the buyer.

commission government | commission of appraisement and sale

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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