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DEL CREDERE (Ital. " of belief " or " See also: agent," in See also: English See also: law, is one who, selling goods for his See also: principal on See also: credit, undertakes for an additional commission to sell only to persons who are absolutely solvent
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His position is thus that of a See also: surety who is liable to his principal should the See also: vendee make default
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The agreement between him and his principal need not be reduced to or evidenced by writing, for his undertaking is not a guarantee within the See also: Statute of Frauds
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See also BROKER; GUARANTEE
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[next] COUNT HENRI FRANCOIS DELABORDE (1764-1833) |
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