Under the Sale of Goods Act, 1930, a Mercantile Agent is a specialized type of agent who has the authority to handle goods in a commercial capacity.
Definition under Section 2(9) of the Sale of Goods Act
A mercantile agent is defined as an agent having, in the customary course of business as such agent, authority either:
To sell goods;
To consign goods for the purpose of sale;
To buy goods; or
To raise money on the security of goods.
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