An agent who gives a guarantee to his principal that the party will pay the sale price of goods is called ______.

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An agent who gives a guarantee to his principal that the party will pay the sale price of goods is called del credere agent. Explanation: A del credere agent is a specialized mercantile agent who, in exchange for an extra commission, guarantees to their principal that the buyer will pay for the goods sold on credit. If the buyer defaults on the payment, the del credere agent is personally liable to pay the principal.

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