Del Credere
A New Law Dictionary and Glossary · Alexander M. Burrill · 1850
A New Law Dictionary and Glossary
Ital. (Of belief, trust or warranty.) In mercantile law. A term used to denote the agreement by which an agent or factor, in consideration of an additional premium or commission, when he sells goods on credit, engages to insure, warrant or guarantee to his principal the solvency of the purchaser.
Foley on Agency, 4 1. Russell on Factors, 2.
The additional commission thus given is called a del credere commission.
6 Bro. P. 0.28*1. 2 Steph. Com. 128.
A del credere engagement is now settled to be that of a surety or guarantor, the factor becoming liable only in case of the default of the purchaser. 2 Kent's Com. 625, and note. Story on Agency, § 33, and note. DEL TEMPS DOUNT MEMORY NE