North Dakota § 3-06-02 - Authority of factors
Full text of North Dakota North Dakota Century Code § 3-06-02 — Authority of factors, with citation guidance and answers to common questions.
§ 3-06-02. Authority of factors
In addition to the authority of agents in general, a factor has actual authority from the factor's principal unless specially restricted: 1. To insure property consigned to the factor uninsured. 2. To sell property consigned to the factor on such credit as is usual, except such things as it is contrary to usage to sell on credit, but having once agreed with the purchaser upon the terms of credit, a factor may not extend it, nor may the factor pledge, mortgage, or barter the property so consigned. 3. To delegate the factor's authority to the factor's partner or servant, but not to any person in an independent employment.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 3-06-02
What does North Dakota Century Code § 3-06-02 cover?
Section 3-06-02 ("Authority of factors") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Dakota § 3-06-02?
A common citation format is "North Dakota Century Code § 3-06-02" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 3-06-02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.