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).