California Civil Code

§ 2029

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CIV § 2029Div. 3 · Title 6 · Part 4 · Ch. 2 · Art. 3

Statute text

View on leginfo.ca.gov

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.

Legislative history

Enacted 1872.