Section 59-9-5 - Actual authority to sell on credit, restrictions. - South-dakota Statutes

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Statutes > South-dakota > Title-59 > Chapter-09 > Statute-59-9-5

59-9-5. Actual authority to sell on credit, restrictions. In addition to the authority of agents in general, a factor has actual authority from his principal unless specially restricted to sell on such credit as is usual anything entrusted to him for sale excepting such things as it is contrary to usage to sell on credit, but having once agreed with the purchaser upon the terms of credit, the factor may not extend it, nor may he pledge, mortgage, or barter property entrusted to him for sale.

Source: CivC 1877, §§ 1170, 1388; CL 1887, §§ 3793, 4011; RCivC 1903, §§ 1489, 1707; RC 1919, §§ 1290, 1293; SDC 1939, § 3.0602 (1).

State Codes and Statutes

Statutes > South-dakota > Title-59 > Chapter-09 > Statute-59-9-5

59-9-5. Actual authority to sell on credit, restrictions. In addition to the authority of agents in general, a factor has actual authority from his principal unless specially restricted to sell on such credit as is usual anything entrusted to him for sale excepting such things as it is contrary to usage to sell on credit, but having once agreed with the purchaser upon the terms of credit, the factor may not extend it, nor may he pledge, mortgage, or barter property entrusted to him for sale.

Source: CivC 1877, §§ 1170, 1388; CL 1887, §§ 3793, 4011; RCivC 1903, §§ 1489, 1707; RC 1919, §§ 1290, 1293; SDC 1939, § 3.0602 (1).

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-59 > Chapter-09 > Statute-59-9-5

59-9-5. Actual authority to sell on credit, restrictions. In addition to the authority of agents in general, a factor has actual authority from his principal unless specially restricted to sell on such credit as is usual anything entrusted to him for sale excepting such things as it is contrary to usage to sell on credit, but having once agreed with the purchaser upon the terms of credit, the factor may not extend it, nor may he pledge, mortgage, or barter property entrusted to him for sale.

Source: CivC 1877, §§ 1170, 1388; CL 1887, §§ 3793, 4011; RCivC 1903, §§ 1489, 1707; RC 1919, §§ 1290, 1293; SDC 1939, § 3.0602 (1).