Code Section Group

Civil Code - CIV

DIVISION 3. OBLIGATIONS [1427 - 3272.9]

  ( Heading of Division 3 amended by Stats. 1988, Ch. 160, Sec. 14. )

PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS [1738 - 3273]

  ( Part 4 enacted 1872. )

TITLE 9. AGENCY [2295 - 2400]

  ( Title 9 enacted 1872. )

CHAPTER 2. Particular Agencies [2362 - 2400]

  ( Chapter 2 enacted 1872. )

ARTICLE 2. Factors [2367 - 2369]
  ( Article 2 enacted 1872. )

2367.
  

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

(Enacted 1872.)

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.

(Enacted 1872.)

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.

(Enacted 1872.)

CIVCivil Code - CIV2.