§ 59-9-1 Factor defined
§ 59-9-2 Obedience required of factor
§ 59-9-3 Liability under guaranty commission
§ 59-9-4 Factor cannot relieve himself from liability without principal’s consent
§ 59-9-5 Actual authority to sell on credit, restrictions
§ 59-9-6 Insurance of uninsured property consigned to factor
§ 59-9-7 Delegation of authority to partner or servant
§ 59-9-8 Ostensible authority

Terms Used In South Dakota Codified Laws > Title 59 > Chapter 9 - Factors

  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2