South Dakota Statutes
§ 56-1-25 — Obligation of guarantor reduced by partial satisfaction of obligation.
The acceptance by a creditor of anything in partial satisfaction of an obligation reduces the obligation of a guarantor thereof in the same measure as that of the principal, but does not otherwise affect it.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 56-1-25 (Obligation of guarantor reduced by partial satisfaction of obligation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
First National Bank of Minneapolis v. Kehn Ranch, Inc.
394 N.W.2d 709 (South Dakota Supreme Court, 1986)
Legislative History
SDC 1939, § 26.0119.