GroundRules
18 GCA § 56304: Liability, Guaranty Commission.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 2 - Commercial and Business Obligations
- Part 6 - Service
- Chapter 56: Particular Employment
- ARTICLE 3: FACTORS
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.
Collected 2026-09-27T03:58:48Z. Source file · JSON