Cal. Civil Code - CIV § 2367. Section 2367.
A factor is an agent, as defined by Section 2026.
ARTICLE 2. Factors [2367. - 2369.]
Cal. Civil Code - CIV 2.
in effectCal. Civil Code - CIV § 2368. Section 2368.
In addition to the authority of agents in general, a factor has actual authority from his principal, unless specially restricted:
1.
To insure property consigned to him uninsured;
2.
To sell, on credit, anything intrusted to him for sale, except such things as it is contrary to usage to sell on credit; but not to pledge, mortgage, or barter the same; and,
3.
To delegate his authority to his partner or servant, but not to any person in an independent employment.
Cal. Civil Code - CIV § 2369. Section 2369.
A factor has ostensible authority to deal with the property of his principal as his own, in transactions with persons not having notice of the actual ownership.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026