Juridical Dictionary

This dictionary contains:
8526
juridical terms

Del credere






Del credere

Contracts. A del credere commission is one under which the agent, in consideration of an additional premium, engages to insure to his principal not only the solvency of the debtor, but the punctual discharge of the debt; and he is liable, in the first instance, without any demand from the debtor.

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Commission
1) Contracts, civil law. When one undertakes, without reward, to do something for another in respect to a thing bailed. This term is frequently used synonymously with mandate. 2) Criminal law. The act of perpetrating an offence. 3) Office. Persons authorized to act in a certain matter. 4) practice. An instrument issued by a court of, justice, or other competent tribunal, to authorize a person to take depositions, or do any other act by authority of such court, or tribunal, is called a commission. 5) Government. Letters-patent granted by the government, under the public seal, to a person appointed to an office, giving him authority to perform the duties of his office.

Agent
An agent is a person who is authorised to carry out activities on behalf of his principal and to enter into commitments by which the principal will be bound. The term usually refers to a businessman who finds business for you and takes a commission.

Consideration
Under common law, there can be no binding contract without consideration, which was defined in an 1875 English decision as "some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other". Common law did not want to allow gratuitous offers, those made without anything offered in exchange (such as gifts), to be given the protection of contract law. So they added the criteria of consideration. Consideration is not required in contracts made in civil law systems and many common law states have adopted laws which remove consideration as a prerequisite of a valid contract.

Premium
Contracts. The consideration paid by the insured to the insurer for making an insurance. It is so called because it is paid primo, or before the contract shall take effect.

Principal
1) This word has several meanings. It is used in opposition to accessary, to show the degree of crime committed by two persons; thus, we say, the principal is more guilty than the accessary after the fact. 2) Contracts. One who, being competent to contract, and who is sui juris, employs another to do any act for his own benefit, or on his own account. 3) Criminal law. A principal is one who is the actor in the commission of a crime.

Solvency
The state of a person who is able to pay all his debts; the opposite of insolvency.

Debtor
Debtor or obligor. The person who has engaged to perform some obligation. The word obligor, in its more technical signification, is applied to designate one who makes a bond.

Discharge
Practice. The act by which a person in confinement, under some legal process, or held on an accusation of some crime or misdemeauor, is set at liberty; the writing containing the order for his being so set at liberty, is also called a discharge.

Debt
Whatever one owes. A sum of money due by certain and express agreement.

Liable
Legally responsible.

Instance
Civil and French law. It signifies, generally, all sorts of actions and judicial demands.

Without
Pleading. This word is adopted in formal traverses, and is a negative signifying "and not for;" accordingly the language of the elder entries sometimes is, It et nemy pur tiel cause.

Demand
Contracts. A claim; a legal obligation.



SIMILAR TERMS
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Degradation
Punishment, ecclesiastical law. A censure by which a clergy man is deprived of his holy orders, which he had as a priest or deacon.

Degree
1) Descents. This word is derived from the French degre, which is itself taken from the Latin gradus, and signifies literally, a step in a stairway, or the round of a ladder. 2) measures. In angular measures, a degree is equal to sixty minutes, or the thirtieth part of a sine. 3) persons. By degree, is understood the state or condition of a person.

Degrees
Academical. Marks of distinction conferred on students, in testimony of their proficiency in arts and sciences.

Dehors
Out of; without. By this word is understood something out of the record, agreement, will, or other thing spoken of; something foreign to the matter in question.

Dei judicium
The judgment of God.

Del credere

Delay
Civil law. The time allowed either by law or by agreement of the parties to do something.

Delectus
Latin. Choice; selection. The right to choose the person or persons who shall participate in a business or enterprise requiring the exercise of mutual confidence.

Delectus personae
This phrase, which literally signifies the choice of a person, is applied to show that partners have the right to select their copartners; and that no set of partners can take another person into the partnership, without the consent of each of the partners.

Delectus personę
Choice of person.

Delectus personarum
Choice of persons or the persons.

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This dictionary contains 8526 terms.