Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)


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Art. 429

4. Ad­vances and loans to third parties

 

1 A com­mis­sion agent who makes cash ad­vances or ex­tends cred­it to a third party without the con­sent of the prin­cip­al does so at his own risk.

2However, where sale on cred­it is the cus­tom­ary com­mer­cial prac­tice at the place of sale, the com­mis­sion agent is en­titled to sell on cred­it un­less the prin­cip­al has in­struc­ted oth­er­wise.

 
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