A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a ____________
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Correct Answer: Option D
Explanation:
A del credere agent is an agent who, in return for an additional commission called del credere commission, guarantees payment by customers who buy goods on credit. The agent therefore bears the risk of default by the buyers.
A del credere agent is an agent who, in return for an additional commission called del credere commission, guarantees payment by customers who buy goods on credit. The agent therefore bears the risk of default by the buyers.