Multiple Choice
Jacob Kendler works in the wholesale business for specific types of industrial goods needed in the automobile industry.Jacob's job involves locating and contacting potential buyers and sellers and facilitating the negotiation process.Which of the following,if true,would strengthen the argument that Jacob works as a merchant wholesaler,and not an agent?
A) Jacob has no defined role in the distribution mechanism of the goods he purchases for the company.
B) Jacob runs an independently owned business that requires him to take title to all merchandise handled.
C) Jacob receives commission for bringing together buyers and sellers for negotiations as and when required.
D) Jacob is a part of the buyer's organization but lacks the contractual authority to sell the entire output at his disposal.
E) Jacob is allowed to take physical, but not legal possession of the merchandise he handles.
Correct Answer:

Verified
Correct Answer:
Verified
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