Business Studies

________ guarantees his principal for the payment for all the goods he sells irrespective of the payment received by him or not.


ANSWER

A del credere agent


SOLUTION
A del credere agency is a type of principal-agent relationship wherein the agent acts not only as a salesperson or broker for the principal, but also as a guarantor of credit extended to the buyer.
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Single Correct Medium Published on 18th 08, 2020
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