An extra commission paid to an agent who guarantees credit sales made by him is?...
COMMERCE
WAEC 2015
An extra commission paid to an agent who guarantees credit sales made by him is?
- A. del credere
- B. guarantors fee
- C. jobber's turn
- D. brokerage
Correct Answer: A. del credere
Explanation
A del credere agency is a type of principal-agent relationship wherein the agent acts not only as a salesperson or broker for the principal, but also as a guarantor of credit extended to the buyer.
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