<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 59-8-1 - Authority from seller. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2077461Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2077461SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077461CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2077461Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2077461DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2077461Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2077461000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077461SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077461SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2077461Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=59-8-1"><span class="s2077461SENU">59-8-1</span></a><span xml:space="preserve" class="s2077461SENU">. </span><span class="s2077461CL">Authority from seller.</span></p><p dir="ltr" class="s2077461Normal-000000"><span class="s2077461DefaultParagraphFont">An auctioneer in the absence of special authorization or usage to the contrary, has authority from the seller, only as follows:</span></p><p dir="ltr" class="s2077461Normal-000001"><span class="s2077461DefaultParagraphFont">(1)    To sell by public auction to the highest bidder;</span></p><p dir="ltr" class="s2077461Normal-000001"><span class="s2077461DefaultParagraphFont">(2)    To sell for cash only, except such articles as are usually sold on credit at auction;</span></p><p dir="ltr" class="s2077461Normal-000001"><span class="s2077461DefaultParagraphFont">(3)    To warrant in like manner with other agents to sell, the title, quality, and quantity of personal property;</span></p><p dir="ltr" class="s2077461Normal-000001"><span class="s2077461DefaultParagraphFont">(4)    To prescribe reasonable rules and terms of sale;</span></p><p dir="ltr" class="s2077461Normal-000001"><span class="s2077461DefaultParagraphFont">(5)    To deliver the thing sold, upon payment of the price;</span></p><p dir="ltr" class="s2077461Normal-000001"><span class="s2077461DefaultParagraphFont">(6)    To collect the price; and</span></p><p dir="ltr" class="s2077461Normal-000001"><span class="s2077461DefaultParagraphFont">(7)    To do whatever else is necessary, or proper and usual, in the ordinary course of business, for effecting these purposes.</span></p><p dir="ltr" class="s2077461Normal"><span xml:space="preserve" class="s2077461000002"> </span></p><p dir="ltr" class="s2077461Normal"><span class="s2077461SCL">Source:</span><span xml:space="preserve" class="s2077461SCL-000003"> CivC 1877, § 1385; CL 1887, § 4008; RCivC 1903, § 1704; RC 1919, § 1286; SDC 1939, § 3.0501.</span></p></div></body></html>