A mercantile agent having title to goods in his possession is known as

A mercantile agent who has title or ownership of goods in his possession and sells them on behalf of the owner is known as a "factor". Factors are commonly used in industries such as textiles and manufacturing, where they purchase raw materials and finished goods and sell them to retailers or wholesalers. The factor takes ownership of the goods, assumes the risk of loss or damage, and then sells them to customers. In return for their services, the factor receives a commission based on the value of the goods sold.