§ 2362. — 2362. (Enacted 1872.)

California § 2362.

• Jurisdiction: California
• Code CIV: Civil Code - CIV
• Div. 3.: DIVISION 3. OBLIGATIONS
• Title: 9.
• Part 4.: TITLE 9. AGENCY
• Ch. 2.: CHAPTER 2. Particular Agencies
• Art. 1.: ARTICLE 1. Auctioneers

Text

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 warrant, in like manner with other agents to sell, according to Section 2323;
4.
To prescribe reasonable rules and terms of sale;
5.
To deliver the thing sold, upon payment of the price;
6.
To collect the price; and,
7.
To do whatever else is necessary, or proper and usual, in the ordinary course of business, for effecting these purposes.

Legislative History

Enacted 1872.