2009 California Civil Code - Section 2367-2369 :: Article 2. Factors

SECTION 2367-2369

2367.  A factor is an agent, as defined by Section 2026.

2368.  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 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.

2369.  A factor has ostensible authority to deal with the property
of his principal as his own, in transactions with persons not having
notice of the actual ownership.

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