South Dakota § 59-8-1 Authority from seller.

South Dakota Statutes

§ 59-8-1 — Authority from seller.

South Dakota·Title 59 AGENCY·Ch. 59-8 AUCTIONEERS

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, the title, quality, and quantity of personal property;

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

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, the title, quality, and quantity of personal property; (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.

South Dakota § 59-8-1 (Authority from seller.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.