Mercantile Agents

Mercantile Agents are also called functional middlemen. A mercantile agent is one who is appointed by a businessman to act on his behalf in business matters. In the usual course of busibess, a mercantile agent has authority to buy or sell goods on behalf of his principal. He has also the right tp bpttow money on the security of goods. He does not get the pwnershi[ of the goods.