Mercantile Agent - Definition - Law Dictionary Home Dictionary Definition mercantile-agent

Definition :

Mercantile agent. The Factors Act, 1839 (English) (52 & 53 Vict. c. 45), s. 1, defines a mercantile agent as 'a mercantile agent having in the customary course of his business as such agent authority either to sell goods or to consign goods for the purpose of sale, or to buy goods or to raise money on the security of goods.' A mercantile agent has implied authority to pledge the goods entrusted to him, Weiner v. Harris, (1910) 1 KB 285. See also Weiner v. Gill, (1906) 2 KB 574; and Kempler v. Bravingtons Ltd., (1925) 133 LT 680.

It means mercantile agent having in the customary course of business as such agent authority either to sell goods, or to consign goods for the purposes of sale, or to buy goods, or to raise money on the security of goods. [Sale of Goods Act, 1930 (3 of 1930), s. 2 (9)]