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Business Studies

Trade Credit

guarantees hi...

Question

________ guarantees his principal for the payment for all the goods he sells irrespective of the payment received by him or not.

A

General Mercantile Agent

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B

A del credere agent

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C

A commission agent

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D

Special/Particular Mercantile Agent

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Solution

The correct option is B A del credere agent
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.

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Similar questions

Q. A _______ is a mercantile agent employed to sell goods which have been placed in his possession or contract to buy goods for his principal. He is the apparent owner of the goods in his custody and can sell them in his own name and receive payment for the goods.

Q. ______ is a special mercantile agent who sells the goods of his principal by auction.

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.

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