DIVISION 3. OBLIGATIONS 1427-3272.9›PART 4. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS 1738-3273›TITLE 6. SERVICE 2019-2082›CHAPTER 2. Particular Employments 2019-2030›ARTICLE 3. Factors 2026-2030
§ 2029
California Civil Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Enacted 1872.)
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