North Dakota § 3-05-01 Authority from seller

North Dakota Statutes

§ 3-05-01 — Authority from seller

North Dakota § 3-05-01

Title 3Agency

Ch. 3-05Auctioneers

This text of North Dakota § 3-05-01 (Authority from seller) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 3-05-01 (2026).

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 usually are sold on credit at auction.

3.To warrant the title, quality, and quantity of personal property sold by the auctioneer.

4.To prescribe reasonable rules and terms of sale.

5.To deliver the thing sold upon payment of the price to the clerk of the auction.

6.To do whatever else is necessary or proper and usual in the ordinary course of business for effecting these purposes.

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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 warrant the title, quality, and quantity of personal property sold by the auctioneer.
4. To prescribe reasonable rules and terms of sale.
5. To deliver the thing sold upon payment of the price to the clerk of the auction.
6. To do whatever else is necessary or proper and usual in the ordinary course of
business for effecting these purposes.