Del Credere

(redirected from Del credere agent)
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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Del Credere

 

in civil law, a provision in a contract of commission whereby an agent takes upon himself responsibility (to his principal) for fulfillment of an agreement by a third party (for example, as provided for in the Civil Code of the RSFSR, art. 411). For a del credere arrangement the agent receives special remuneration.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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