429. Property in factor's possession.

A factor or mercantile agent entrusted with the possession as well as the disposal of goods is a trustee of the goods, and on his bankruptcy they will not pass to his trustee, but will belong to his principal1. Nevertheless, the factor has a general lien on them for any debts due to him from the principal on the general account between them, and this lien passes to the factor's trustee in bankruptcy2.

If goods are sold by a factor, the price belongs to the principal, subject to the factor's lien; and, if the principal for whom the factor has