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Factors Act 1889 (1889 c 45)

The Factors Act 1889 sought to clarify and codify the rights and obligations of mercantile agents engaged in the sale and pledging of goods. It legally defined scenarios under which agents could pass on good title to third parties while protecting the interests of owners. This Act consolidated earlier legislation on the subject and provided robust mechanisms for discerning the validity of transactions involving such agents. By establishing clear protocols, it promoted trust and efficiency in commercial transactions, essential for the burgeoning trade environment of the time.

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