Home/South Dakota/Statutes/Title 53: CONTRACTS/Ch. 53-6: CONSIDERATION FOR CONTRACTS/§ 53-6-7
South Dakota Statutes

§ 53-6-7 — Executed or executory consideration, effect.

South Dakota·Title 53 CONTRACTS·Ch. 53-6 CONSIDERATION FOR CONTRACTS
A consideration may be executed or executory in whole or in part. In so far as it is executory, it is subject to the provisions of the statutes relating to object of contract.

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South Dakota § 53-6-7 (Executed or executory consideration, effect.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

CivC 1877, § 910; CL 1887, § 3534; RCivC 1903, § 1228; RC 1919, § 843; SDC 1939, § 10.0507.

Nearby Sections

15
§ 53-1-1
Contract defined.
§ 53-1-2
Essential elements of contract.
§ 53-1-3
Contracts, express or implied--Express contract defined--Implied contract defined.
§ 53-1-4
Law and usage of place of performance, application to contracts.
§ 53-10-1
Executed contract distinguished from executory contract.
§ 53-10-2
Time of performance of contract not specified--Allowance of reasonable time--Instant action.
§ 53-10-3
Time as essence of the contract.
§ 53-11-1
Extinguishment of contracts--Methods.
§ 53-11-2
Rescission by party to contract--Grounds.
§ 53-11-3
Rescission not effected by consent--Accomplishment by use of diligence to comply with rules governing rescission.
§ 53-11-4
Prompt action by party rescinding on discovery of duress, undue influence, or disability.
§ 53-11-5
Restoration of everything of value by party rescinding.
§ 53-11-6
Extinction by destruction or cancellation of contract or signatures by consent.
§ 53-11-7
Extinction by intentional destruction, cancellation or alteration of contract--Alteration or destruction of duplicate, not to prejudice.
§ 53-12-1
Definition of terms.
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