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S.D. Codified Laws § 56-1-8

Undertaking by factor to sell merchandise and guarantee sale--Writing unnecessary

Source: SDC 1939, § 26.0105 (4).

A promise to answer for the obligation of another is deemed an original obligation of the promiser and need not be in writing where a factor undertakes, for a commission, to sell merchandise and guarantee the sale.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.