State Codes and Statutes

Statutes > California > Civ > 2367-2369

CIVIL CODE
SECTION 2367-2369



2367.  A factor is an agent, as defined by Section 2026.



2368.  In addition to the authority of agents in general, a factor
has actual authority from his principal, unless specially restricted:
   1. To insure property consigned to him uninsured;
   2. To sell, on credit, anything intrusted to him for sale, except
such things as it is contrary to usage to sell on credit; but not to
pledge, mortgage, or barter the same; and,
   3. To delegate his authority to his partner or servant, but not to
any person in an independent employment.




2369.  A factor has ostensible authority to deal with the property
of his principal as his own, in transactions with persons not having
notice of the actual ownership.


State Codes and Statutes

Statutes > California > Civ > 2367-2369

CIVIL CODE
SECTION 2367-2369



2367.  A factor is an agent, as defined by Section 2026.



2368.  In addition to the authority of agents in general, a factor
has actual authority from his principal, unless specially restricted:
   1. To insure property consigned to him uninsured;
   2. To sell, on credit, anything intrusted to him for sale, except
such things as it is contrary to usage to sell on credit; but not to
pledge, mortgage, or barter the same; and,
   3. To delegate his authority to his partner or servant, but not to
any person in an independent employment.




2369.  A factor has ostensible authority to deal with the property
of his principal as his own, in transactions with persons not having
notice of the actual ownership.



State Codes and Statutes

State Codes and Statutes

Statutes > California > Civ > 2367-2369

CIVIL CODE
SECTION 2367-2369



2367.  A factor is an agent, as defined by Section 2026.



2368.  In addition to the authority of agents in general, a factor
has actual authority from his principal, unless specially restricted:
   1. To insure property consigned to him uninsured;
   2. To sell, on credit, anything intrusted to him for sale, except
such things as it is contrary to usage to sell on credit; but not to
pledge, mortgage, or barter the same; and,
   3. To delegate his authority to his partner or servant, but not to
any person in an independent employment.




2369.  A factor has ostensible authority to deal with the property
of his principal as his own, in transactions with persons not having
notice of the actual ownership.