Montana Statutes
§ 30-11-604 — Liability Of Factor Under Guaranty Commission
30-11-604 . Liability of factor under guaranty commission. 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.
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Legislative History
En. Sec. 2753, Civ. C. 1895; re-en. Sec. 5293, Rev. C. 1907; re-en Sec. 7808, R.C.M. 1921; Cal. Civ. C. Sec. 2029; Based on Field Civ. C. Sec. 1048; re-en. 7808, R.C.M. 1935; R.C.M. 1947, 2-404; amd. Sec. 936, Ch. 56, L. 2009.
Nearby Sections
15
§ 30-11-101
Sale Defined§ 30-11-102
Subject Of Sale§ 30-11-103
Agreement For Sale§ 30-11-104
Agreement To Sell§ 30-11-105
Agreement To Buy§ 30-11-106
Agreement To Sell And Buy§ 30-11-107
What May Be The Subject Of The Contract§ 30-11-108
Agreement To Sell Real Property§ 30-11-110
Form Of Covenants§ 30-11-111
Contract For Sale Of Real Property§ 30-11-112
Exchange Defined§ 30-11-113
Sale Equivalent To Exchange§ 30-11-114
Warranty Of Money§ 30-11-115
Uniform Commercial Code Overrides