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

Commerce WAEC 1992

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

  • is a partner in a trading fim
  • works for his principal on commission basis
  • is a middle man in a transaction involving two or more people
  • usually guarantees payments in any transcaction checkmark
  • is a dealer on the stock exchange

The correct answer is: D

Explanation

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