Authority to bind both parties

N.D. Cent. Code § 3-05-02
in effect
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3-05-02. Authority to bind both parties An auctioneer has authority from a bidder at the auction as well as from the seller to bind both by a memorandum of the contract whenever a written memorandum is required by any statute or by usage to make a valid contract of sale, and such memorandum must be in the form and content prescribed.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t03c05.pdf#nameddest=3-05-02Fetched: 10/16/2026