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
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.
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