43. Factors.

43.     Factors.

The implied authority of a factor1 includes, subject to special instructions, authority:

  1.  

    (1)     to sell in his own name2;

  2.  

    (2)     to sell on reasonable credit3, and at such time and price as he may think best for his principal4;

  3.  

    (3)     to warrant5; and

  4.  

    (4)     to receive payment when he has sold in his own name6.

It does not include authority to barter7 or pledge8 the principal's goods, or the bill of lading therefor9, or to delegate his authority