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WAEC Commerce 1996 Question 98

Question 98

Wholesale Trade

An agent who guarantees payments for goods sold is

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

Answer: B (a del credere agent)

Explanation

A del credere agent guarantees that buyers will pay, for extra commission.