In mercantile law . A phrase borrowed from the Italians, equivalentto our word “guaranty” or “warranty,” or the Scotch term “warrandice;” an agreementby which a factor, when he sells goods on credit, for an additional commission, (called a”del credere commission,”) guaranties the solvency of the purchaser and hisperformance of the contract. Such a factor is called a ” del credere agent .” He is a meresurety, liable only to his principal in case the purchaser makes default. Story, Ag. 28;Loeb v. Hell man, 83 N. Y. 603; Lewis v Brehme, 33 Md. 424, 3 Am. Rep. 190; Leveriekv. Meigs, 1 Cow. (N. Y.) 663; Ruffner v. Hewitt, 7 W. Va. 604.
Black’s Law Online Dictionary
