Extension of positive functionals on certain ordered spaces

An ordered linear spaceL is said to satisfy extension property (E1) if for every directed subspaceM ofL and positive linear functional ϕ onM, ϕ can be extended toL. A Riesz spaceL is said to satisfy extension property (E2) if for every sub-Riesz spaceM ofL and every real valued Riesz homomorphism ϕ onM, ϕ can be extended toL as a Riesz homomorphism. These properties were introduced by Schmidt in 5]. In this paper, it is shown that an ordered linear space has extension property (E1) if and only if it is order isomorphic to a function spaceL′ defined on a setX′ such that iff andg belong toL′ there exists a finite disjoint subsetM of the set of functions onX′ such that each off andg is a linear combination of the points ofM. An analogous theorem is derived for Riesz spaces with extension property (E2).