South Dakota Codified Laws 59-6-7. Exclusive credit given to agent–Exoneration of principal
Current as of: 2023 | Check for updates
|
Other versions
If exclusive credit is given to an agent by the person dealing with him, his principal is exonerated by payment or other satisfaction made by him to his agent, in good faith, before receiving notice of the creditor’s election to hold him responsible.
Terms Used In South Dakota Codified Laws 59-6-7
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 1371; CL 1887, § 3994; RCivC 1903, § 1690; RC 1919, § 1272; SDC 1939, § 3.0307.