North Dakota Code 3-06-01 – Definition
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A factor is an agent who, in the pursuit of an independent calling, is employed by another to buy or sell property in the factor’s own name and is entrusted by the principal with the possession or control of the property or authorized to receive payment therefor from the purchaser.
Terms Used In North Dakota Code 3-06-01
- Property: includes property, real and personal. See North Dakota Code 1-01-49