Civil Code - CIV
DIVISION 3. OBLIGATIONS [1427 - 3273.69]
( Heading of Division 3 amended by Stats. 1988, Ch. 160, Sec. 14. ) PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS [1738 - 3273.69]
( Part 4 enacted 1872. ) TITLE 6. SERVICE [2019 - 2082]
( Title 6 enacted 1872. ) CHAPTER 2. Particular Employments [2019 - 2030]
( Chapter 2 enacted 1872. ) ARTICLE 3. Factors [2026 - 2030]
( Article 3 enacted 1872. ) 2029.
A factor who charges his principal with a guaranty commission upon a sale, thereby assumes absolutely to pay the price when it falls due, as if it were a debt of his own, and not as a mere guarantor for the purchaser; but he does not thereby assume any additional responsibility for the safety of his remittance of the proceeds.
(Enacted 1872.)