South Dakota Codified Laws 59-3-8. Agent cannot have authority to defraud principal
Current as of: 2023 | Check for updates
|
Other versions
An agent can never have authority, either actual or ostensible, to do an act which is, and is known or suspected by the person with whom he deals to be, a fraud on the principal.
Terms Used In South Dakota Codified Laws 59-3-8
- Fraud: Intentional deception resulting in injury to another.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 1345; CL 1887, § 3968; RCivC 1903, § 1664; RC 1919, § 1246; SDC 1939, § 3.0208.