North Dakota Statutes
§ 3-06-04 — Must obey instructions - Exception
A factor must obey instructions of the factor's principal to the same extent as any other
employee, notwithstanding any advances the factor may have made to the principal upon the
property consigned to the factor, except that if the principal forbids the factor to sell at the
market price, the factor nevertheless may sell for the factor's reimbursement after giving to the
factor's principal reasonable notice of the factor's intention to do so and of the time and place of
sale, and proceeding in all respects as a pledgee.
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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