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Current as of January 01, 2024 | Updated by Findlaw Staff
In addition to the authority of agents in general, a factor has actual authority for the principal, unless specially restricted, to:
(1) insure property consigned to the factor uninsured;
(2) sell on credit anything entrusted to the factor for sale, except things that it is contrary to usage to sell on credit, but not to pledge, mortgage, or barter the things; and
(3) delegate the factor's authority to the factor's partner or servant but not to any person in an independent employment.
Cite this article: FindLaw.com - Montana Title 30. Trade and Commerce § 30-11-606. Authority of factor - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-30-trade-and-commerce/mt-st-30-11-606/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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