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  5. A person who in cons...

A person who in consideration for an extra commission takes responsibility for goods sold on...

Commerce
JAMB 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 Answer: Option B
Explanation

Del Credere Agent Law and Legal Definition. A del credere is an agent who guarantees the solvency of third parties with whom the agent contracts on behalf of the principal.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now