WAEC Commerce 2013 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
Advertisement
A person who earns extra commission for guaranteeing debts is a
- A. factor
- B. broker
- C. commission agent
- D. del-credere agentCorrect
Explanation
A del-credere agent is the agent who assures the principal of all debts or default on the part of the buyer whom he links him with the principal, earning extra commission for this guarantee.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.