59-3-14Authority to receive price of property.

A general agent to sell entrusted by the principal with possession of the thing sold, has authority to receive the price. A special agent to sell has authority to receive the price on delivery of the thing sold, but not afterward.

Source: CivC 1877, §§ 1364, 1365; CL 1887, §§ 3987, 3988; RCivC 1903, §§ 1683, 1684; RC 1919, §§ 1265, 1266; SDC 1939, § 3.0210.