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Sunday, February 07, 2016
Saskatchewan Justice

The Factors Act provides that people can safely buy goods, in good faith, through merchants who make a business of selling goods as an agent for others, including in consignment arrangements.

The Act provides that a sale by such an agent, or a pledge of security by such an agent, will be effective at law if the other party to the transaction acted in the honest belief that the agent had the authority to enter into the transaction.

Several of the Act's provisions are subject to The Personal Property Security Act, 1993.

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