2019 South Dakota Codified Laws
Title 59 - Agency
Chapter 08 - Auctioneers
§ 59-8-1 Authority from seller.

Universal Citation: SD Codified L § 59-8-1 (2019)

59-8-1. Authority from seller. 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.
Source: CivC 1877, § 1385; CL 1887, § 4008; RCivC 1903, § 1704; RC 1919, § 1286; SDC 1939, § 3.0501.

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