59-3-14. Authority 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.
Structure South Dakota Codified Laws
Section 59-3-1 - Agent may perform acts permitted to principal.
Section 59-3-2 - Actual authority defined.
Section 59-3-3 - Ostensible authority defined.
Section 59-3-4 - Agent's general authority.
Section 59-3-5 - Agent's necessary authority--Ordinary course of business.
Section 59-3-6 - Agent's necessary authority--Representation as to matter of fact.
Section 59-3-7 - Agent's power to disobey instructions.
Section 59-3-8 - Agent cannot have authority to defraud principal.
Section 59-3-9 - Exceptions to general authority--Agent cannot act in own name.
Section 59-3-10 - Exceptions to general authority--Scope of agency cannot be defined.
Section 59-3-11 - Exceptions to general authority--Forbidden acts.
Section 59-3-12 - Authority to sell real property--Power to give warranty.
Section 59-3-13 - Authority to sell personal property--Power to give warranties.
Section 59-3-14 - Authority to receive price of property.
Section 59-3-15 - Agent's delegation of powers.
Section 59-3-16 - Subagent, lawfully appointed, represents principal.
Section 59-3-17 - Responsibility as between principal and agent of agent.
Section 59-3-18 - Agent's unauthorized employment of subagent.