A person who is for the purpose of bringing his principal into contractual relationship with...
COMMERCE
WAEC 2021
A person who is for the purpose of bringing his principal into contractual relationship with third parties is
- A. a merchant
- B. a consignee
- C. a consignor
- D. an agent
Correct Answer: B. a consignee
Explanation
The consignee acts as a sort of middleman, which is the individual that buys or retains the goods and passes them along to a third party or the final buyer. The consignee as a middleman brings the consignor (seller/owner of a product) in contact with the third party who is interested in a business transaction.
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