JAMB Commerce 2020 Objective — Question 6

Question 6 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.

6. Del credere commission means a

A. A. agent's commission
B. B. agent's commission as a suretyCorrect
C. C. principal's agreement
D. D. principal's commission

Explanation

Del credere is the special commission given to the agent for assuring the principal will be paid or bear the loss in case of default.

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