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Broker is an agent who gives a guarantee to seller that the buyer will pay the sale price of goods. - Mathematics and Statistics

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Question

Broker is an agent who gives a guarantee to seller that the buyer will pay the sale price of goods.

Options

  • True

  • False

MCQ
True or False
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Solution

This statement is False.

Explanation:

A Del Credere Agent is an agent who gives of guarantee to the seller that the buyer will pay the sale price of goods.

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Commission and Brokerage Agent
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Chapter 1: Commission, Brokerage and Discount - Miscellaneous Exercise 1 [Page 12]

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