Title 3 — Agency
6 chapters · 48 sections in this title.
N.D.C.C. § 3-05-01 Authority from seller
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An auctioneer, in the absence of special authorization or usage to the contrary, has authority from the seller only as follows: 1. To sell by public auction to the highest bidder. 2. To sell for cash only, except such articles as usually are sold on credit at auction. 3. To warra…
N.D.C.C. § 3-05-02 Authority to bind both parties
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An auctioneer has authority from a bidder at the auction as well as from the seller to bind both by a memorandum of the contract whenever a written memorandum is required by any statute or by usage to make a valid contract of sale, and such memorandum must be in the form and cont…