Updated: Aug 20, 2021

A general mercantile agent dealing with a specified category or categories of goods. As an agent he is distinguished by the fact that, provided he has possession of the goods coming into these categories with the consent of the owner, he can sell and give a good title to an innocent purchaser for value, whether or not the true owner has given his permission to sell. An art dealer, for instance, could sell pictures lent to him for display, provided the buyer was not aware of this fact.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.