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Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Law
Which of the following statement is correct according to section 2(9) of the Sale of Goods Act ?
“Mercantile Agent” means a mercantile agent
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Eduncle Best Answer
In section 2(9) of the Sale of Goods Act,
(a) "document of title" includes any bill of lading, dock warrant, warehouse keepers certificate and warrant or order for the delivery of goods and any other document used in the ordinary course of business as proof of the possession or control of goods or authorizing or purporting to authorize, either by indorsement or by delivery, the possessor of the document to transfer or receive goods thereby represented;
(b) "goods" includes wares and merchandise;
(c) "mercantile agent" means 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, to buy goods or to raise money on the security of goods;
(d) "person" includes any body of persons, corporate or unincorporate;
(e) "pledge" includes any contract pledging, or giving a lien or security on, goods, whether in consideration of an original advance, of any further or continuing advance or of any pecuniary liability.