dissolute in a sentence Mercantile agent legal definition of mercantile agent – Legal Dictionary

dissolute in a sentence Mercantile agent legal definition of mercantile agent – Legal Dictionary

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mercantile agency

noun

Definition of mercantile agency 

1

: the agency of a factor who in the customary course of his business has authority binding on his principal to buy or to sell goods, to consign goods for sale, or to raise money by pledging goods

2

: an agency that collects credit information about businesses and businessmen and furnishes it to subscribers

called also
commercial agency

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Mercantile agent legal definition of mercantile agent

https://legal-dictionary.thefreedictionary.com/mercantile+agent

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mercantile agent

mercantile agent

a commercial agent, such as a factor or broker, who in the ordinary course of his business has authority to sell goods, to consign goods for sale, to buy goods or to raise money on the security of goods on behalf of his principal. See FACTOR .

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  • factor
  • nemo dat quod non habet

References in periodicals archive
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The core provision here, (6) is that where a mercantile agent is, with the consent of the owner, in possession of goods or of the documents of title of goods, any sale, pledge or other disposition of the goods made by him when acting in the ordinary course of business of a mercantile agent, shall be as valid as if he were expressly authorised by the owner to make the disposition provided that the person taking the goods acts in good faith and without notice that the mercantile agent was not authorised to effect the transaction.
The question was whether, since the gallery owner was held to be a mercantile agent, he had given a good title to the purchaser of the gallery for those pictures which belonged to the consigning artists.
He cited well-known English authority, (13) which held that this meant that the agent must act “in business hours, at a proper place of business and in other respects in the ordinary way in which a mercantile agent would act”.
It was held that breach of a particular usage of trade ,that diamond brokers did not pledge gems, did not exclude the mercantile agent from acting in the ordinary course of business as s.
An exception to an exception: the art gallery and its stock-in-trade

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