JAMB Commerce 2012 Objective — Question 42

Question 42 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2012 Objective paper, with the correct answer and a full explanation.

A person who, in consideration for an extra commission, guarantees the seller against default of the buyer is a/an

A. extra commission agent
B. del credere agentCorrect
C. broker
D. factor

Explanation

Del credere agent is the agent that takes responsibility of the default of the buyer in case of default.

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