CONTRACT n.
The agreement of two or more persons, upon a sufficient consideration or cause, to do, or to abstain from doing, some act; an agreement in which a party undertakes to do, or not to do, a particular thing; a formal bargain; a compact; an interchange of legal rights. Wharton.
DEL CREDERE n.
An agreement by which an agent or factor, in consideration of an additional premium or commission (called a del credere commission), engages, when he sells goods on credit, to insure, warrant, or guarantee to his principal the solvency of the purchaser, the engagement of the factor being to pay the debt himself if it i…
DONATION n.
rs the title to a thing of which be is the owner, from himself to another, without any consideration, as a free gift. Bouvier. Donation party, a party assembled at the house of some one, as of a clergyman, each one bringing some present. [U.S.] Bartlett.