An agent who in consideration of extra commission gives guarantees to his principal that the purchaser of the goods on credit will pay for the goods is called —

CS CSEET · Business Environment and Entrepreneurship & Business Management, Ethics and Communication · PYQS · December 2013
An agent who in consideration of extra commission gives guarantees to his principal that the purchaser of the goods on credit will pay for the goods is called —
(A) Sub-agent
(B) Mercantile agent
(C) Brokers
(D) Del credere agent.

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) Del credere agent..

Topics: Business Laws

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