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

Question

Q. 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.

Answer 1

In business law, 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 extender to the buyer.

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

The correct option is D del credere agent.In business law, 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 extender to the buyer.

The correct option is D del credere agent.
In business law, 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 extender to the buyer.