FACTOR
Categories: Property
Definition (1910 Edition)
1. A commercial agent, employed by a principal to sell merchandise consigned to him for that purpose, for: and in behalf of the principal, but usually in his own name, being intrusted with the possession and control of the goods, and being remunerated by a commission, commonly called “factorage.” Howland v. Woodruff, 60 N. Y. 80; In re Rabenau (D. C.) 118 Fed. 474;
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
reference only and does not constitute legal advice.