Concept: A factor is an agent who takes possession of goods and has the authority to buy and sell them on behalf of the principal.
Explanation: A
broker only brings buyers and sellers together and does not handle the goods or take title to them.
An
auctioneer sells goods to the highest bidder at a public auction but does not normally buy or hold title in his own name.
A
jobber acts as a middleman in securities trading, usually dealing for his own account rather than for another person.
A
factor is different because the principal hands the goods over to him, and he is empowered to sell or buy them in his own name.
He earns a commission called factorage for his services.
Therefore, among the options, only the factor has both the title to the goods and the authority to transact on behalf of another.
Answer: C. A factor