Current as of April 27, 2021 | Updated by FindLaw Staff
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A factor who charges the principal with a guaranty commission upon a sale assumes absolutely to pay the price when it falls due as if it were a debt of the factor's own and not as a mere guarantor for the purchaser. The factor does not assume any additional responsibility for the safety of the remittance of the proceeds.
Cite this article: FindLaw.com - Montana Title 30. Trade and Commerce § 30-11-604. Liability of factor under guaranty commission - last updated April 27, 2021 | https://codes.findlaw.com/mt/title-30-trade-and-commerce/mt-code-ann-sect-30-11-604/
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