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WAEC Commerce 2001 Question 30

Question 30

Wholesale Trade

The extra commission for pledging full settlement of the purchase price of goods is given to a

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

Answer: A (del credere agent)

Explanation

A del credere agent earns extra (del credere) commission for guaranteeing that buyers will pay.