Civil Code section 2029

A factor who charges his principal with a guaranty commission upon a sale, thereby assumes absolutely to pay the price when it falls due, as if it were a debt of his own, and not as a mere guarantor for the purchaser; but he does not thereby assume any additional responsibility for the safety of his remittance of the proceeds.

Source: Section 2029, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=2029. (accessed Jun. 2, 2025).

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Last Updated

May 12, 2025

§ 2029’s source at ca.gov

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Location: https://california.public.law/codes/civil_code_section_2029

Original Source: Section 2029, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CIV§ionNum=2029. (last accessed May 12, 2025).