JAMB Commerce 2013 Objective — Question 39
Question 39 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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An agent employed to sell goods delivered to him by the principal is referred to as
- A. del credere agent
- B. factorCorrect
- C. universal agent
- D. special agent
Explanation
A factor takes possession of goods and sells them. He is given what is referred to as factorage by both the principal and the buyer.
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