N.D. Cent. Code § 3-05-01
This is the official text of N.D. Cent. Code § 3-05-01, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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3-05-01. Authority from seller
Official statutory text
3-05-01. Authority from seller
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.
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.
Status: in_force · Read it on the official government site
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