An extra commission paid to an agent who guarantees credit sales made by him is?

Commerce

WAEC 2015

A. del credere
B. guarantors fee
C. jobber's turn
D. brokerage

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Correct Answer: Option A

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.

Previous Next

Go back to Comm classroom

Report an Error Ask A Question Download App

WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Does WAEC give Calculator to student for there exam? Answer this

1 Answers · Mathematics · 2 days ago
2(3)+2? Answer this

1 Answers · Mathematics · 2 days ago
what does productivity of grass means and what are they? Answer this

1 Answers · Agricultural Science · 15 hours ago

WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now

An extra commission paid to an agent who guarantees credit sales made by him is?

Correct Answer: Option A

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In