Sections
5 entriesSection 2026Establishes that a factor is an agent who, in the pursuit of an independent calling, is employed by another to sell property…Section 2027Requires a factor to obey the instructions of his principal to the same extent as any other employé, notwithstanding any advances he…Section 2028Allows a factor to sell consigned property on the credit terms that are usual. Limits the factor’s authority once the factor and…Section 2029Establishes that a factor charging the principal a guaranty commission on a sale assumes absolute responsibility to pay the price when due…Section 2030Prohibits a factor who receives property for sale, under a general agreement or usage to guarantee the sales or the remittance of…