§ 2029

California Civil Code · 2026-10 edition · updated 2026-10-04 · California

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.

(Enacted 1872.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Civil Code

California Civil Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.