<HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 59-8 - AUCTIONEERS 59-8 AUCTIONEERS </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 59-8 AUCTIONEERS "> <META NAME="Description" Content="South Dakota Codified Laws 59-8"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: HG4 --><Div align="center"><!-- WP Style End: HG4 --> CHAPTER 59-8 <!-- WP Paired Style Off: HG4 --><!-- WP Style End: HG4 --> </Div> <br> <!-- WP Paired Style On: HG4C --><Div align="center"><!-- WP Style End: HG4C --> AUCTIONEERS <!-- WP Paired Style Off: HG4C --><!-- WP Style End: HG4C --> </Div> <br> <p> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=59-8-1">59-8-1</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Authority from seller. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <br> <!-- WP Paired Style On: B --><!-- WP Style End: B --> <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=59-8-2">59-8-2</A> <!-- WP Style Open: IN -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: IN --> Memorandum binding both parties. <!-- WP Paired Style Off: B --><!-- WP Style End: B --> <p> </BODY> </HTML> <br /><hr><br /><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 - AUCTIONEERS </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; } </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><br /><hr><br /><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 - AUCTIONEERS </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2077462Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2077462SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077462CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2077462Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2077462DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077462000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077462SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077462SCL-000002 { 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="s2077462Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=59-8-2"><span class="s2077462SENU">59-8-2</span></a><span xml:space="preserve" class="s2077462SENU">. </span><span class="s2077462CL">Memorandum binding both parties.</span></p><p dir="ltr" class="s2077462Normal-000000"><span class="s2077462DefaultParagraphFont">An auctioneer has authority from a bidder at the auction as well as from the seller to bind both by a memorandum wherever 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.</span></p><p dir="ltr" class="s2077462Normal"><span xml:space="preserve" class="s2077462000001"> </span></p><p dir="ltr" class="s2077462Normal"><span class="s2077462SCL">Source:</span><span xml:space="preserve" class="s2077462SCL-000002"> CivC 1877, § 1386; CL 1887, § 4009; RCivC 1903, § 1705; RC 1919, § 1287; SDC 1939, § 3.0502.</span></p></div></body></html>