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A person who earns extra commission for guaranteeing debts is a

A person who earns extra commission for guaranteeing debts is a
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Factor
  • B Broker
  • C Commission agent
  • D Del-credere agent
Correct Answer: Option D
Explanation:
A del credere is an agent who guarantees the solvency of third parties with whom the agent contracts on behalf of the principal.

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