A person who earns extra commission for guaranteeing debts is a

A person who earns extra commission for guaranteeing debts is a

  • 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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