Commerce WAEC

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: Option A

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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