Statutes > South Dakota Statutes > Title 59 - AGENCY > Chapter 06 - Relationship Between Principal And Third Persons > Section 59-6-3 - Principal bound by acts of agent under ostensible authority.

Section 59-6-3 - Principal bound by acts of agent under ostensible authority.

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.