1. MCA Contents
  2. TITLE 30
  3. CHAPTER 11
  4. Part 6
  5. 30-11-605 Principal's consent needed to relieve factor from liability

TITLE 30. TRADE AND COMMERCE

CHAPTER 11. SALES

Part 6. Factors

Principal's Consent Needed To Relieve Factor From Liability

30-11-605. Principal's consent needed to relieve factor from liability. A factor who receives property for sale under a general agreement or usage to guarantee the sales or the remittance of the proceeds cannot be relieved from responsibility for the sale or remittance without the consent of the factor's principal.

History: En. Sec. 2754, Civ. C. 1895; re-en. Sec. 5294, Rev. C. 1907; re-en Sec. 7809, R.C.M. 1921; Cal. Civ. C. Sec. 2030; Based on Field Civ. C. Sec. 1049; re-en. 7809, R.C.M. 1935; R.C.M. 1947, 2-405; amd. Sec. 937, Ch. 56, L. 2009.