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Simple English definitions for legal terms

del credere bailiff

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A quick definition of del credere bailiff:

A del credere bailiff is a type of agent who is hired to sell goods for a company. They have control over the goods and can sell them in their own name. They can also receive payment for the goods and give a receipt to the buyer. They are different from brokers because they have possession of the goods. In simple terms, a del credere bailiff is like a salesperson who works for a company and sells their products.

A more thorough explanation:

A del credere bailiff is a type of factor, which is an agent who is employed to sell property for the principal and who possesses or controls the property. The del credere bailiff is a factor who guarantees the creditworthiness of the buyer and assumes the risk of non-payment.

For example, if a company hires a del credere bailiff to sell their goods, the bailiff will not only sell the goods but also guarantee that the buyer will pay for them. If the buyer fails to pay, the del credere bailiff will be responsible for the payment.

This type of factor is different from a broker because the factor possesses or controls the property. A broker, on the other hand, does not have possession or control of the property but acts as an intermediary between the buyer and seller.

Overall, a del credere bailiff is a factor who assumes the risk of non-payment and guarantees the creditworthiness of the buyer.

del credere agent | del credere commission

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i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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20:50
yo splitterus are you in school already
20:50
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JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
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JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
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JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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