HopefullyInLawSchool
16:06
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
mercantile agent
Read a random definition: single creditor
A quick definition of mercantile agent:
A mercantile agent is someone who sells things for someone else. They are authorized to act on behalf of another person or company. They are also called commissionaires. They can be anyone who is capable of doing the job, even if they are young or not very smart. They don't make contracts for themselves, but for the person they represent. They can be a special agent, who is hired for a specific job, or a general agent, who can do all kinds of business for the person they represent.A more thorough explanation:
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.