South Dakota Codified Laws 59-2-2. Creation by precedent authorization or subsequent ratification–Considerationunnecessary
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The agency and authority described in § 59-2-1 may be created by precedent authorization or subsequent ratification, without consideration being necessary to make same binding upon the principal.
Terms Used In South Dakota Codified Laws 59-2-2
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
Source: CivC 1877, §§ 1346, 1347; CL 1887, §§ 3969, 3970; RCivC 1903, §§ 1665, 1666; RC 1919, §§ 1247, 1248; SDC 1939, § 3.0104.