A Del Credere Agent

question 37

Multiple Choice

A del credere agent:

• A)agrees to indemnify the principal in the event of non-performance by the third party.
• B)is usually not entitled to a commission.
• C)agrees to indemnify the principal in the event of negligence.
• D)is authorised to do anything on behalf of the principal that the principal can do.

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Definitions:

Praxis

The process by which a theory, lesson, or skill is enacted or practiced, particularly in a real-world context.

Deliberate System

A cognitive process involving conscious, controlled, and thoughtful consideration and decision-making.

Automatic System

Refers to cognitive processes that occur with little or no conscious effort, responsible for quick and intuitive decisions.

Duplex Mind

The concept that the human mind operates through two systems: one that is fast, automatic, and emotional, and another that is slow, deliberate, and logical.