The Ultimate Legal Dictionary
PracticePanther compiled a list of the legal terms and definitions every
attorney, paralegal, and law student needs to know when running a law firm.
Factor
DEFINITION
A factor, literally a “doer” or “maker” from the Latin, is an agent that takes consigned goods from another party with the express purpose of selling them on the owner’s behalf for a commission. The agent works in a fiduciary capacity, that is with a legal obligation to act in the best interests “trust” of the owner.
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