On Del Credere Agent?
An Agent Who Is Required by the Principal to Enter into a Guarantee of the Debts to the Principal of Customers Whom He Finds for the Principal with Whom He...
An agent who is required by the principal to enter into a guarantee of the debts to the principal of customers whom he finds for the principal with whom he concludes contracts on behalf of the principal.
What is meant by del credere agent?
A del credere agency is a type of principal-agent relationship wherein the agent acts not only as a salesperson, or broker, for the principal, but also as a guarantor of credit extended to the buyer. ... A del credere agent is a combination of a salesperson and an insurance firm.
What is del credere agent India?
A del credere agent is defined as one, who, in consideration of extra remuneration, called a del credere commission undertakes that the persons with whom he eaters into contracts on the principals' behalf will b(r) in a position- to perform their duties.