South Dakota Statutes
§ 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.
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South Dakota § 56-1-3 (Consideration--When required.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Richter v. Industrial Finance Co. Inc.
221 N.W.2d 31 (South Dakota Supreme Court, 1974)
Legislative History
SDC 1939, § 26.0103.