This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
"Where a power of attorney authorized an agent "to grant, bargain and sell certain lands, or any part or parcel thereof, for such sum or price, on such terms as to him shall seem meet, and for me and in my name to make, etc., deeds for the same, either with or without covenants of warranty;" it was held that the agent had authority to sell on reasonable credit, had authority to receive payment, and a payment to him was a good payment to the principal; if circumstances rendered it favorable for the interest of his principal he might include other valuable considerations besides money in the consideration, and might sell an undivided interest in the property. Carson v. Smith, 5 Minn. 78.
 
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