Grove And Another, Assignees of Liotard, A Bankrupt, v Dubois: 31 Jan 1786

A commission del credere is an absolute engagement to the principal from the broker, and makes him liable in the first instance. A broker with such a commission may set-off, under the general issue, a loss upon a policy happening before a bankruptcy, to an action by the assignees of the bankrupt, for premiums upon various policies under-written by him, and for which he had debited the broker : but such a loss carinot be proved under a riotice of set-off.

Citations:

[1786] EngR 42, (1786) 1 TR 112, (1786) 99 ER 1002

Links:

Commonlii

Agency, Insurance

Updated: 05 May 2022; Ref: scu.371405