Statutes, codes, and regulations
North Dakota Century Code
Title 3 - AGENCY
Chapter 3-05 - AUCTIONEERS
Section 3-05-02 - Authority to bind both parties

N.D. Cent. Code § 3-05-02

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Current through 2024 Legislative Session
Section 3-05-02 - Authority to bind both parties

An auctioneer has authority from a bidder at the auction as well as from the seller to bind both by a memorandum of the contract whenever a written memorandum is required by any statute or by usage to make a valid contract of sale, and such memorandum must be in the form and content prescribed.

N.D.C.C. § 3-05-02