Kinds of agent:
Following are kind of agent.
(I) Del-credere agent:
A del-credere agent is an agent, who guarantees to his principal that person to whom he sells will pay for that, if he will not pay, he will be liable. It is a type of mercantile agent.
(II) Factor:
A factor is an agent to whom goods are entrusted for sale.
(III) Mercantile agent:
A mercantile agent is the person who has authority to sell the goods or to buy goods or to raise money on the security of goods.
(IV) Banker:
The relationship between banker and his customer is that of debtor and creditor.
(V) Auctioner:
An auctioner is an agent who is authorized to sell goods to the highest bidder at a public sale for commission.
(VI) Sub-agent:
A sub-agent is a person employed by and acting under the control of the original agent in the business of agency.
(VII) Broker:
A broker is an agent employed for buying or selling the goods or other property. He simply acts between the two parties.
(VIII) Indenter:
He is an agent who, busy or sells on behalf of his principal.
(IX) Advocate:
An advocate also acts an agent. He appears on behalf of principal in the court.
(X) Co-agent:
Who acts jointly is called co-agent.
Following are kind of agent.
(I) Del-credere agent:
A del-credere agent is an agent, who guarantees to his principal that person to whom he sells will pay for that, if he will not pay, he will be liable. It is a type of mercantile agent.
(II) Factor:
A factor is an agent to whom goods are entrusted for sale.
(III) Mercantile agent:
A mercantile agent is the person who has authority to sell the goods or to buy goods or to raise money on the security of goods.
(IV) Banker:
The relationship between banker and his customer is that of debtor and creditor.
(V) Auctioner:
An auctioner is an agent who is authorized to sell goods to the highest bidder at a public sale for commission.
(VI) Sub-agent:
A sub-agent is a person employed by and acting under the control of the original agent in the business of agency.
(VII) Broker:
A broker is an agent employed for buying or selling the goods or other property. He simply acts between the two parties.
(VIII) Indenter:
He is an agent who, busy or sells on behalf of his principal.
(IX) Advocate:
An advocate also acts an agent. He appears on behalf of principal in the court.
(X) Co-agent:
Who acts jointly is called co-agent.
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