59-6-3. Principal bound by acts of agent under ostensible authority.
A principal is bound by acts of his agent under ostensible authority, to those persons only who have in good faith, and without negligence, incurred a liability or parted with value upon the faith thereof.
Source: CivC 1877, §1370; CL 1887, §3993; RCivC 1903, §1689; RC 1919, §1271; SDC 1939, §3.0303.
See Cal Civ Code, §2334.
Structure South Dakota Codified Laws
Chapter 06 - Relationship Between Principal And Third Persons
Section 59-6-1 - Rights and liabilities accruing to principal.
Section 59-6-2 - Agent exceeding authority--Liability of principal.
Section 59-6-3 - Principal bound by acts of agent under ostensible authority.
Section 59-6-4 - Principal bound by agent's writings.
Section 59-6-5 - Notice to agent or principal.
Section 59-6-6 - Incomplete execution binding on principal.
Section 59-6-7 - Exclusive credit given to agent--Exoneration of principal.
Section 59-6-8 - Setoff by person dealing with agent without knowledge of agency.
Section 59-6-9 - Responsibility of principal for agent's negligence or omission.
Section 59-6-10 - Principal not responsible for unauthorized wrongs or omissions.
Section 59-6-11 - Durable Power of Attorney--Presumption--Liability--Exceptions.