Section 56-1-8 - Undertaking by factor to sell merchandise and guarantee sale--Writing unnecessary.
56-1-8. Undertaking by factor to sell merchandise and guarantee sale--Writing unnecessary. A promise to answer for the obligation of another is deemed an original obligation of the promiser and need not be in writing where a factor undertakes, for a commission, to sell merchandise and guarantee the sale.
Source: SDC 1939, § 26.0105 (4).