N.D. Cent. Code § 3-06-04
This is the official text of N.D. Cent. Code § 3-06-04, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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3-06-04. Must obey instructions - Exception
Official statutory text
3-06-04. Must obey instructions - Exception
A factor must obey instructions of the factor's principal to the same extent as any other
employee, notwithstanding any advances the factor may have made to the principal upon the
property consigned to the factor, except that if the principal forbids the factor to sell at the
market price, the factor nevertheless may sell for the factor's reimbursement after giving to the
factor's principal reasonable notice of the factor's intention to do so and of the time and place of
sale, and proceeding in all respects as a pledgee.
A factor must obey instructions of the factor's principal to the same extent as any other
employee, notwithstanding any advances the factor may have made to the principal upon the
property consigned to the factor, except that if the principal forbids the factor to sell at the
market price, the factor nevertheless may sell for the factor's reimbursement after giving to the
factor's principal reasonable notice of the factor's intention to do so and of the time and place of
sale, and proceeding in all respects as a pledgee.
Status: in_force · Read it on the official government site
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