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DEL CREDERE (Ital. " of belief " or " See also:trust ") . A " del credere 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 See also:commission to sell only to persons who are absolutely solvent . His position is thus that of a See also:surety who is liable to his principal should the See also:vendee make See also:default . The agreement between him and his principal need not be reduced to or evidenced by See also:writing, for his undertaking is not a See also:guarantee within the See also:Statute of Frauds . See also See also:BROKER; GUARANTEE . |
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