Q.4. The one who solicits and procures business from potential customers on
behalf of one or more principals, usually against payment of a percentage of the realized sales revenue as commission, is a:
a. Del credere agent
b. Broker
c. Commercial agent
d. Mercantile agent
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Answer:
Correct answer is C
Explanation:
A mercantile agent is a person who is appointed by those in business to act on their behalf or to represent them in dealing with other persons. The person on whose behalf he acts as an agent is known as the 'Principal
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