Transfer Principal

Commissioner is responsible to consignor for damage, loss or shortage in the possession of his property the principal. After the commission agreement executed: the commission is a report to the principal and gives him whatever is received by the commission property; the principal shall take from the commission property, inspects it and says, without delay, the commissioner of the shortcomings found; all objections on the report of the principal shall notify the commission within thirty days after its receipt, otherwise the report is passed. Another form of contractual obligations – factoring. The essence of factoring is that the bank or specialized financial institutions (factoring company, or factor) purchases from businesses, vendors, business debt buyers (primarily a buyer's obligation to pay for delivered goods, works or services) and pays the seller at least actual delivery of goods or services. Further factor collects the debts directly from the debtor companies. Factoring – a good way to get otvashih debtors owed you money. For their service factor receives from the seller (client) commission, which includes the interest rate used credit.

In addition, a factor makes a living from what they purchased debt concluded on the amount larger than the purchase price of these debts. The performance of a factoring contract is concluded for a period of several years. In the factoring agreement contains a commitment to give the client a factor certain debts. Factor takes on the future solvency of the debtor's checks, after which undertakes to give him credit, whose size does not exceed a certain limit. Within these limits, the factor assumes the risk of default. About Transfer credit reporting obligations to the debtor, after which he decides to financial matters is not the seller, and a factoring company.