Baker Livestock Exchange, Inc. v. Thompson

The facts underlying this appeal are principally the same as addressed in appeals 18356, 18357, 18358, 18360. Rather than restate all of the facts here, we direct the reader’s attention to our combined opinion in those appeals. See Stockmen’s Livestock Exchange v. Thompson, 520 N.W.2d 255 (S.D.1994). The following additional facts are relevant to this appeal.

Thompsons were licensed as livestock dealers in Montana. Thompsons had designated Darrell Nickelson as their agent in Montana in 1987 and 1988. The official list of Montana licensed dealers and their agents specified that Nickelson was an…