Factor

In mercantile law. A mercantile or commercial agent, who buys and sells goods for others on commission.* 2 Ken Cs C<ym.

622.

Otherwise called a commission merchant, and a consignee of goods, being generally the correspondent of a foreign house. Id. ibid. note. More commonly employed to sell than to buy, and hence also defined to be " an agent to whom goods are consigned or delivered for sale by, or for a merchant, or other person residing abroad, or at a distance from the place of sale."

Russell on Factors, 1. Story on Agency, § 33.

A factor is distinguished from a broker by being entrusted with the possession, management and control of the goods, and by being authorized to buy and sell in his own name, as well as in that of his principal.

Russell on Factors, 4. Story on Agency, § 33. 2 Stepk. Com. 127. 2 B. d Aid. 137, 143. 2 Kent's Com. 622, note.