Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
del credere agent
an agent who guarantees the solvency of the third party with whom the agent makes a contract for the principal. 0 a del credere agent receives possession of the principal's goods for purposes of sale and guarantees that anyone to whom the agent sells the goods on credit will pay promptly for them. for this guaranty, the agent receives a higher commission for sales. the promise of such an agent is almost universally held not to be within the statute of frauds. - also termed del credere factor.
del credere agent.
See AGENT.