Question on: JAMB Commerce - 2012
A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a
A
commission agent
B
del credere agent
C
broker
D
factor
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Correct Option: B
A del credere agent takes on the additional responsibility of guaranteeing payment to the seller if the buyer defaults on credit. They receive a higher commission for this service.
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