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O-LevelCommerceCredit7100/12 · Oct/Nov 2020 · Q101 Mark

Which statement describes the work of del credere agents?

AThey are not responsible for guaranteeing a delivery.

BThey bring together seller and buyer.

CThey cannot arrange contracts in their own name.

DThey guarantee payment is made to the seller.

✓ Correct answer

D: They guarantee payment is made to the seller.

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About this question

Topic: Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2020 Paper 1 Variant 2, question 10.

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