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Current as of January 01, 2024 | Updated by Findlaw Staff
An auctioneer, in the absence of special authorization or usage to the contrary, has authority from the seller only as follows:
1. To sell by public auction to the highest bidder.
2. To sell for cash only, except such articles as usually are sold on credit at auction.
3. To warrant the title, quality, and quantity of personal property sold by the auctioneer.
4. To prescribe reasonable rules and terms of sale.
5. To deliver the thing sold upon payment of the price to the clerk of the auction.
6. To do whatever else is necessary or proper and usual in the ordinary course of business for effecting these purposes.
Cite this article: FindLaw.com - North Dakota Century Code Title 3. Agency § 3-05-01. Authority from seller - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-3-agency/nd-cent-code-sect-3-05-01/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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