An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called ………… agent

Source: JAMB · 2024

An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called ………… agent

  1. del-credere ✓
  2. general
  3. sales
  4. special
Explanation

A del-credere agent guarantees payment. If the customer doesn’t pay, the agent must.

This extra risk earns the agent a higher commission than regular agents.

The principal is protected because the agent takes responsibility for bad debts.

Was this explanation helpful?