Question

A_______ is a mercantile agent, who is consideration of an extra remuneration guarantees to his principal that the purchasers who buy on credit will pay for the goods they take.

• A. Broker
• B. Factor
• C. Del Credere Agent
• D. Auctioneer

Answer 1

The correct option is C Del Credere Agent

A del crederie agent is one, who in consideration of an extra remuneration called the Del Credere Commission, guarantees to his principal that the third person with whom he enters into contracts shall perform their obligations. Thus such an agent guarantees to his principal the payment of the price.