State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-01 > Statute-56-1-3

56-1-3. Consideration--When required. Where a guaranty is entered into at the same time with the original obligation or with the acceptance of the latter by the guarantee and forms, with that obligation, a part of the consideration to him, no other consideration need exist. In all other cases there must be a consideration distinct from that of the original obligation.

Source: SDC 1939, § 26.0103.

State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-01 > Statute-56-1-3

56-1-3. Consideration--When required. Where a guaranty is entered into at the same time with the original obligation or with the acceptance of the latter by the guarantee and forms, with that obligation, a part of the consideration to him, no other consideration need exist. In all other cases there must be a consideration distinct from that of the original obligation.

Source: SDC 1939, § 26.0103.


State Codes and Statutes

State Codes and Statutes

Statutes > South-dakota > Title-56 > Chapter-01 > Statute-56-1-3

56-1-3. Consideration--When required. Where a guaranty is entered into at the same time with the original obligation or with the acceptance of the latter by the guarantee and forms, with that obligation, a part of the consideration to him, no other consideration need exist. In all other cases there must be a consideration distinct from that of the original obligation.

Source: SDC 1939, § 26.0103.