An extra commission paid to an agent who guarantees credit sales made by him is?
-
A.
del credere -
B.
guarantors fee -
C.
jobber’s turn -
D.
brokerage
Correct Answer: Option A
Explanation
A del credere agency is a type of principal-agent relationship wherein the agent acts not only as a salesperson or broker for the principal, but also as a guarantor of credit extended to the buyer.