P.R. Laws tit. 10, § 1549

2019-02-20 00:00:00+00
§ 1549. Effect of payment of guaranty commission

If an agent receives for a sale besides the ordinary commission a commission called a guaranty commission, the risks of the collection shall be for his account, he being obliged to pay the principal the proceeds of the sale at the same periods as agreed upon with the purchaser.

History —Commerce Code, 1932, § 190.