A del credere agents is distinguished from other agent in that he?

Assessment: WAEC SSCE - Commerce - 1992 (Objective) Subject: Commerce

Question 1 Report

A del credere agents is distinguished from other agent in that he?
Answer Details
A del credere agent is distinguished from other agents because he usually guarantees payments in any transaction. This means that the del credere agent assures the principal that the buyer will pay for the goods or services provided, even if the buyer defaults on payment. This guarantee by the del credere agent comes at a cost, which is usually in the form of an additional commission. Other agents, such as commission agents, do not provide this kind of guarantee and are not responsible for payment from the buyer.
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