Title 59 — AGENCY
12 chapters · 170 sections in this title.
SDCL § 59-8-1 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 are usually sold on credit at auction; (3) To wa…
SDCL § 59-8-2 Memorandum binding 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 wherever 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 content prescribed.…