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JAMB Commerce 2010 Question 23

Question 23

Wholesale Trade

An agent who brings a customer into business contact with his principal is known as

  1. A.a del credere agent
  2. B.an auctioneer
  3. C.a factor
  4. D.a broker.
Show the answer and explanation

Answer: D (a broker.)

Explanation

A broker brings buyers and sellers together for a commission without holding the goods.