Question on: JAMB Commerce - 2024
A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling for a commission proportionate to the value of the transaction is called a
A
commissioned agent
B
del-credere agent
C
factor
D
speculator
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Correct Option: C
A commissioned agent is an agent who buys or sells goods on behalf of a principal (the owner of the goods) and receives a commission, which is a percentage of the value of the transaction.
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