18 GCA § 21202: Actual Authority of Factor.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 3 - Agency
- Chapter 21: Particular Agencies
- ARTICLE 2: FACTORS
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 entrusted 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.
Collected 2026-09-27T03:54:58Z. Source file · JSON