Simple English definitions for legal terms
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A mercantile agent is a type of agent who is employed to sell goods or merchandise on behalf of the principal. They are also known as commercial agents.
For example, a clothing manufacturer may hire a mercantile agent to sell their products to retailers. The agent would receive a commission on each sale made.
This type of agent is authorized to act on behalf of the principal in selling their products. They may negotiate prices, take orders, and arrange for delivery. The principal is bound by the contracts made by the mercantile agent.