California Civil Code 2368 – In addition to the authority of agents in general, a factor has …
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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;
Terms Used In California Civil Code 2368
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- property: includes property real and personal. See California Civil Code 14
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.)