North Dakota Statutes
§ 3-05-02 — Authority to bind both parties
North Dakota § 3-05-02
This text of North Dakota § 3-05-02 (Authority to bind both parties) 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 § 3-05-02 (2026).
Text
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 content prescribed.
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Nearby Sections
15
§ 3-01-01
Definition§ 3-01-02
General and special agent defined§ 3-01-03
Actual and ostensible agency defined§ 3-01-05
Authorization to agent§ 3-01-06
How agency created§ 3-01-07
No consideration necessary§ 3-01-09
Retroactive ratification limited§ 3-01-10
Rescission of ratification§ 3-01-11
Termination of agency§ 3-02-01
Acts done by or to agent§ 3-02-02
Actual or ostensible authority§ 3-02-03
Agent authority§ 3-02-04
Authority limited to specific termsCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 3-05-02, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/3-05-02.