59-9-8. Ostensible authority.
A factor has ostensible authority to deal with the property of his principal as his own in transactions with persons not having notice of the actual ownership.
Source: CivC 1877, §1389; CL 1887, §4012; RCivC 1903, §1708; RC 1919, §1294; SDC 1939, §3.0603.
Structure South Dakota Codified Laws
Section 59-9-1 - Factor defined.
Section 59-9-2 - Obedience required of factor.
Section 59-9-3 - Liability under guaranty commission.
Section 59-9-4 - Factor cannot relieve himself from liability without principal's consent.
Section 59-9-5 - Actual authority to sell on credit, restrictions.
Section 59-9-6 - Insurance of uninsured property consigned to factor.
Section 59-9-7 - Delegation of authority to partner or servant.