30-11-506. Auctioneer's authority from the seller.
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/mt/title-30/chapter-11/part-5/30-11-506·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-11-506 . Auctioneer's authority from the seller. An auctioneer, in the absence of special authority or usage, has authority from the seller only as follows:
(1)to sell by public auction to the highest bidder;
(2)to sell for cash only, except for articles usually sold on credit at auction;
(3)to warrant as an agent pursuant to 28-10-421 ;
(4)to prescribe reasonable rules and terms of sale;
(5)to deliver the thing sold upon payment of the price;
(6)to collect the price; and
(7)to do whatever else is necessary, proper, and usual in the ordinary course of business for effecting these purposes.