59-6-7. Exclusive credit given to agent--Exoneration of principal.
If exclusive credit is given to an agent by the person dealing with him, his principal is exonerated by payment or other satisfaction made by him to his agent, in good faith, before receiving notice of the creditor's election to hold him responsible.
Source: CivC 1877, §1371; CL 1887, §3994; RCivC 1903, §1690; RC 1919, §1272; SDC 1939, §3.0307.
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.