Observation

Students did well listing and explaining the types of agents.
(a)       Treasury bill is a short term money market security issued by the government to raise funds. It is usually for one year. While bill of lading is a foreign trade document sent to the importer by the exporter indicating the dispatch of goods to him. It is a document of title. It contains the name of the ship, the quantity of items on board and the destination of the goods.                                                                                                                                                                        
(b)       Listing and explanation of types of agent

1. Auctioneer: Is an agent who is employed to sell goods or property at public sale called auction sale to the highest bidder. He may not have possession of the goods sold. He is not permitted to sell on credit.
2. Del credere: Is a merchantile agent who is paid commission known as a del credere commission. He acts as a surety to buyers at times, that is, if the buyer fails to pay, he promises to indemnify the principal in respect of the contract of sale.
3. Broker: A broker is a merchantile agent who is authorized by the principal to negotiate and conclude a contract for sale of goods on his behalf. He is not entrusted with possession of the goods. He is paid a commission known as brokerage.
4. Factor: This is an agent who is entrusted with the possession and sales of goods by his principal. He has powers over the goods in his possession.
5. Commission agent: This is an agent who sells or buy goods for his principal in his own name and receives commission. He may have possession of the goods.                                                                        166         
6. General or Universal agent: This is an agent who is permitted to do all the acts which the principal can legally do.
7. Special agent: This is an agent who is authorized to do some specific acts or to represent his principal in some specific transactions.
8. Sales agent: This is an agent that has authority to sell a good or service on behalf of their principals.
9. Purchase agent: This is an agent that evaluate sources of supply and buys on behalf of his principal.
10. Facilitating agent: This is a type of agent that provides support services in the marketing process.
11. Merchantile agent: This is an agent who has authority to sell or buy goods on behalf of his principal.
12. Clearing agent: This is an agent that helps importers to clear goods from the port.
13. Forwarding agent: This is an agent that the exporter uses in exporting their goods.

            (c)        Advantages of shareholding

1. It is used as collateral security;
2. It rewards the holder in the form of dividends;
3. It is a way of creating lasting wealth;
4. It can easily be transferred to beneficiaries;
5. It confers prestige on the holders;
6. It rewards owners in the form of bonus shares;
7. It rewards owners in the form of right issues;
8. Its value appreciates overtime;
9. It can easily be converted to cash;
10. It is a means of risk diversification;
11. The holder of shares can influence decisions in the Company.