South Dakota § 20-7-9 Rescission of satisfaction by substitution of debtor.

South Dakota Statutes

§ 20-7-9 — Rescission of satisfaction by substitution of debtor.

South Dakota § 20-7-9

Title 20PERSONAL RIGHTS AND OBLIGATIONS

Ch. 20-7ACCORD AND SATISFACTION, NOVATION AND RELEASE OF OBLIGATIONS

This text of South Dakota § 20-7-9 (Rescission of satisfaction by substitution of debtor.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 20-7-9 (2026).

Text

When the obligation of a third person on an order upon such person is accepted in satisfaction, the creditor may rescind such acceptance if the debtor prevents such person from complying with the order, or from fulfilling the obligation; or if, at the time the obligation or order is received, such person is insolvent, and this fact is unknown to the creditor; or if, before the creditor can with reasonable diligence present the order to the person upon whom it is given, he becomes insolvent.

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When the obligation of a third person on an order upon such person is accepted in satisfaction, the creditor may rescind such acceptance if the debtor prevents such person from complying with the order, or from fulfilling the obligation; or if, at the time the obligation or order is received, such person is insolvent, and this fact is unknown to the creditor; or if, before the creditor can with reasonable diligence present the order to the person upon whom it is given, he becomes insolvent.