59-9-1. Factor defined.
47 words·~1 min read·
/sd/title-59/chapter-59-9/59-9-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A factor is an agent, who, in the pursuit of an independent calling, is employed to buy or sell property in his own name, and is entrusted by his principal with the possession or control of the property, or authorized to receive payment therefor from the purchaser.