Short essay on Commission Agents

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A commission agent is a person who is employed to buy or sell goods. He charges a certain commission for the services rendered. As an agent, he must take reasonable steps to protect the interest of his principal. Strictly speaking, it is not a different class, as a commission agent might act as a broker, factor or even as an auctioneer.

Del Credere Agents:

A Del credere agent is an agent who, guarantees, for extra commission or remuneration, the performance of the contract by the third party. This extra commission is called Del credere commission.

Bankers:

Ordinarily, the relationship between a banker and his customer is that of a creditor and a debtor. However in certain circumstances, he acts as an agent of the customer. A banker has general lien in respect of the general balance of account.


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