53-8-4. Sales at public auction, memorandum of auctioneer, compliance with statute of frauds.
When a sale is made by public auction of any real or personal property, an entry by the auctioneer, or actual clerk of the sale, in his sale book at the time of the sale, of the kind of property sold and description thereof sufficient for identification, the terms of sale, the price, and the names of the purchaser and person on whose account the sale was made, is a sufficient memorandum to satisfy the requirements of §53-8-2.
Source: CivC 1877, §920; CL 1887, §3544; RCivC 1903, §1238; RC 1919, §858; SDC 1939, §10.0606.
Structure South Dakota Codified Laws
Chapter 08 - Oral And Written Contracts
Section 53-8-1 - Contracts which may be oral.
Section 53-8-2 - Contracts required to be in writing--Statute of frauds.
Section 53-8-3 - Contract not in writing through fraud--Enforcement against fraudulent party.
Section 53-8-5 - Execution of contract in writing supersedes oral negotiations or stipulations.
Section 53-8-6 - Oral contract--Alteration in writing by consent of parties.
Section 53-8-7 - Alteration of written contract without new consideration.