South Dakota Law On Memorandum Binding Bidder And Seller
Added January 20th, 2014
59-8-2. Memorandum binding both parties
An auctioneer has authority from a bidder at the auction as well as from the seller to bind both by a memorandum wherever a written memorandum is required, by any statute or by usage, to make a valid contract of sale and such memorandum must be in the form and content prescribed.
Cite as S.D. Codified Laws § 59-8-2
An auctioneer has authority from a bidder at the auction as well as from the seller to bind both by a memorandum wherever a written memorandum is required, by any statute or by usage, to make a valid contract of sale and such memorandum must be in the form and content prescribed.
Cite as S.D. Codified Laws § 59-8-2
Laws change and requirements vary by state. This is general information and may be out of date. Check the official state sources, or ask a lawyer, before relying on it.
0 Comments