Search: in
Del credere
Del credere in Dictionary Dictionary
  Tutorials     Encyclopedia     Videos     Books     Software     DVDs  
       
Dictionary results for: Del credere

Del credere


Del credere

Del credere




Source: The Collaborative International Dictionary of English v.0.48

	Del credere \Del` cred"er*e\ [It., of belief or trust.]
   (Mercantile Law)
   An agreement by which an agent or factor, in consideration of
   an additional premium or commission (called a del credere
   commission), engages, when he sells goods on credit, to
   insure, warrant, or guarantee to his principal the solvency
   of the purchaser, the engagement of the factor being to pay
   the debt himself if it is not punctually discharged by the
   buyer when it becomes due.
   [1913 Webster]

	




Source: Bouvier's Law Dictionary, Revised 6th Ed (1856)

	DEL CREDERE, contracts. A del credere commission is one under which the 
agent, in consideration of an additional premium, engages to insure to his 
principal not only the solvency of the debtor, but the punctual discharge of 
the debt; and he is liable, in the first instance, without any demand from 
the debtor. 6 Bro. P. C. 287; Beawes, 429; 1 T. Rep. 112; Paley on Agency, 
39. 
     2. If the agent receive the amount of sales, and remit the amount to 
the principal by a bill of exchange, he is not liable if it should be 
protested. 2 W. C. C. R. 378. See, also, Com. Dig. Merchant, B; 4 M. & S. 
574.

	

Matching Word(s)
Del

credere





Search Dictionary :



Search   in  
Search for Del credere in Tutorials
Search for Del credere in Encyclopedia
Search for Del credere in Videos
Search for Del credere in Books
Search for Del credere in Software
Search for Del credere in DVDs
Search for Del credere in Store





Powered by dict.org
Advertisement




Del credere in Dictionary
Del credere top Del credere

Home - Add TutorGig to Your Site - Disclaimer

©2011-2013 TutorGig.info All Rights Reserved. Privacy Statement