Section 53-6-8 - Executory consideration--Determination of amount. - South-dakota Statutes

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53-6-8. Executory consideration--Determination of amount. When a consideration is executory, it is not indispensable that the contract should specify its amount or the means of ascertaining it. It may be left to the decision of a third person or regulated by any specific standard.

Source: CivC 1877, § 911; CL 1887, § 3535; RCivC 1903, § 1229; RC 1919, § 844; SDC 1939, § 10.0508.

State Codes and Statutes

Statutes > South-dakota > Title-53 > Chapter-06 > Statute-53-6-8

53-6-8. Executory consideration--Determination of amount. When a consideration is executory, it is not indispensable that the contract should specify its amount or the means of ascertaining it. It may be left to the decision of a third person or regulated by any specific standard.

Source: CivC 1877, § 911; CL 1887, § 3535; RCivC 1903, § 1229; RC 1919, § 844; SDC 1939, § 10.0508.

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State Codes and Statutes

Statutes > South-dakota > Title-53 > Chapter-06 > Statute-53-6-8

53-6-8. Executory consideration--Determination of amount. When a consideration is executory, it is not indispensable that the contract should specify its amount or the means of ascertaining it. It may be left to the decision of a third person or regulated by any specific standard.

Source: CivC 1877, § 911; CL 1887, § 3535; RCivC 1903, § 1229; RC 1919, § 844; SDC 1939, § 10.0508.