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When Agent Becomes Guarantor
Is it lawful for the principal to stipulate that the agent may not sell what he is authorized to sell except at spot for cash and if he sells for credit, he will become the buyer's guarantor?
It is lawful for the principal to stipulate that the agent not sell except for cash and if he does sell for credit, that he become the buyer's guarantor for the sale price in the event that the buyer defaults on his payment.

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