South Dakota - Memorandum of Auctioneer/Clerk of Sale in Public Auction is Sufficient to Comply With the Statute of frauds Requirements
South Dakota Codified LawsTitle 53. Contracts
Chapter 53-8. Oral and Written Contracts
SDCL § 53-8-4
53-8-4. Sales at public auction, memorandum of auctioneer, compliance with statute of frauds
When a sale is made by public auction of any real or personal property, an entry by the auctioneer, or actual clerk of the sale, in his sale book at the time of the sale, of the kind of property sold and description thereof sufficient for identification, the terms of sale, the price, and the names of the purchaser and person on whose account the sale was made, is a sufficient memorandum to satisfy the requirements of § 53-8-2.
Cite as S.D. Codified Laws § 53-8-4
Please Login to submit comment.
0 Comments