Home/South Dakota/Statutes/Title 53: CONTRACTS/Ch. 53-6: CONSIDERATION FOR CONTRACTS/§ 53-6-8
South Dakota Statutes

§ 53-6-8 — Executory consideration--Determination of amount.

South Dakota § 53-6-8
JurisdictionSouth Dakota
Title 53CONTRACTS
Ch. 53-6CONSIDERATION FOR CONTRACTS

This text of South Dakota § 53-6-8 (Executory consideration--Determination of amount.) 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 § 53-6-8 (2026).

Text

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.

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Legislative History

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

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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Bluebook (online)
South Dakota § 53-6-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/53-6-8.