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Justin hires Miguel to sell his baseball glove for $560. As part of their contract, Justin...

Justin hires Miguel to sell his baseball glove for $560. As part of their contract, Justin will pay him $100 to conduct the sale. Miguel is a _______________________. Group of answer choices factorage factee consignment merchant commission merchant consignor

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Answer #1

factorage

Miguel is the intermediary who is hired by Justin to sell his baseball glove. Miguel shall charge a factorage or commission fees to sell the same. Hence Miguel is the Factor while Justin is the Factee. The baseball is could be the consignment ready for delivery once the contract is undertaken by Miguel for Justin. There is no merchant party in the process because neither of the parties is into the wholesale trading or similar businesses. The consignor could be any party who send the baseball glove to the buyer and not necessarily Miguel. Hence Miguel is a Factor who shall charge factorage for his services to Justin.

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