§ 59-6-1 Rights and liabilities accruing to principal
§ 59-6-2 Agent exceeding authority–Liability of principal
§ 59-6-3 Principal bound by acts of agent under ostensible authority
§ 59-6-4 Principal bound by agent’s writings
§ 59-6-5 Notice to agent or principal
§ 59-6-6 Incomplete execution binding on principal
§ 59-6-7 Exclusive credit given to agent–Exoneration of principal
§ 59-6-8 Setoff by person dealing with agent without knowledge of agency
§ 59-6-9 Responsibility of principal for agent’s negligence or omission
§ 59-6-10 Principal not responsible for unauthorized wrongs or omissions
§ 59-6-11 Durable Power of Attorney–Presumption–Liability–Exceptions
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Terms Used In South Dakota Codified Laws > Title 59 > Chapter 6 - Relationship Between Principal and Third Persons

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Third persons: includes all who are not parties to the obligation or transaction concerning which the phrase is used. See South Dakota Codified Laws 2-14-2