North Dakota Statutes
§ 3-06-01 — Definition
A factor is an agent who, in the pursuit of an independent calling, is employed by another to
buy or sell property in the factor's own name and is entrusted by the principal with the
possession or control of the property or authorized to receive payment therefor from the
purchaser.
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North Dakota § 3-06-01 (Definition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 3-01-01
Definition§ 3-01-02
General and special agent defined§ 3-01-03
Actual and ostensible agency defined§ 3-01-05
Authorization to agent§ 3-01-06
How agency created§ 3-01-07
No consideration necessary§ 3-01-09
Retroactive ratification limited§ 3-01-10
Rescission of ratification§ 3-01-11
Termination of agency§ 3-02-01
Acts done by or to agent§ 3-02-02
Actual or ostensible authority§ 3-02-03
Agent authority§ 3-02-04
Authority limited to specific terms