JAMB - Commerce (2021 - No. 26)
A person who in consideration for an extra commission takes responsibility for goods sold on credit and in case of default is a
commission agent
factor
broker
del credere agent
Explanation
A del credere agency is a type of principal-agent relationship wherein the del credere (agent) for an extra commission, acts not only as a salesperson, or broker, for the principal, but also as a guarantor of credit extended to the buyer.
The del credere agent stands in as a guarantor for the buyer who is buying the goods on credit, and in return, gets paid an extra commission by the buyer
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