DEL CREDERE. A "del credere agent," in common law, is one who, in consideration of additional remuneration called a del credere commission, undertakes that persons with whom he con tracts on his principal's behalf shall duly pay any sums due from them to the principal under the contracts. His position is thus that of a surety who is liable to his principal should the other con tracting party make default. The agreement between him and his principal need not be reduced to or evidenced by writing, for his undertaking is not a guarantee within the Statute of Frauds.
(See also BROKER; FACTOR; GUARANTEE.)