In addition to the authority of agents in general, a factor has actual authority from his principal unless specially restricted to sell on such credit as is usual anything entrusted to him for sale excepting such things as it is contrary to usage to sell on credit, but having once agreed with the purchaser upon the terms of credit, the factor may not extend it, nor may he pledge, mortgage, or barter property entrusted to him for sale.
S.D. Codified Laws § 59-9-5
Actual authority to sell on credit, restrictions
Source: CivC 1877, §§ 1170, 1388; CL 1887, §§ 3793, 4011; RCivC 1903, §§ 1489, 1707; RC 1919, §§ 1290, 1293; SDC 1939, § 3.0602 (1).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.