A del credere agent is a special class of mercantile agent who, in consideration of an extra commission known as a del credere commission, provides which of the following guarantees to the principal?

Question

Accepted Answer

That third-party buyers to whom goods are sold on credit will pay the contract price. A del credere agent is an agent who guarantees that third parties with whom he contracts on behalf of the principal will perform their financial obligations (i.e., pay for goods sold on credit). In return for assuming this risk of default, the agent receives an extra remuneration called a del creder

Answer

A) That the principal will obtain title free from all encumbrances

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B) That third-party buyers to whom goods are sold on credit will pay the contract price

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C) That the goods sold will be of merchantable quality and fit for purpose

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D) That the market price of the goods will not fluctuate during the agency period

A del credere agent is a special class of mercantile agent who, in consideration of an extra commission known as a del credere commission, provides which of the following guarantees to the principal?

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