Every agent has actually such authority as prescribed by this title on “agency” unless specially deprived thereof by the principal, and even then has such authority ostensibly except as to persons who have actual or constructive notice of the restriction upon his authority.

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Source: CivC 1877, § 1357; CL 1887, § 3980; RCivC 1903, § 1676; RC 1919, § 1258; SDC 1939, § 3.0201.