Principal bound by acts of agent under ostensible authority.

  1. Law
  2. South Dakota Codified Laws
  3. Agency
  4. Relationship Between Principal And Third Persons
  5. Principal bound by acts of agent under ostensible authority.

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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.


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