Statutes, codes, and regulations
South Dakota Codified Laws
Title 20 - PERSONAL RIGHTS AND OBLIGATIONS
Chapter 7 - ACCORD AND SATISFACTION, NOVATION AND RELEASE OF OBLIGATIONS
Section 20-7-3 - Acceptance of accord as satisfaction-Obligation extinguished

S.D. Codified Laws § 20-7-3

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Current through the 2024 Legislative Session
Section 20-7-3 - Acceptance of accord as satisfaction-Obligation extinguished

Acceptance by the creditor, of the consideration of an accord, extinguishes the obligation and is called satisfaction.

SDCL 20-7-3

CivC 1877, § 861; CL 1887, § 3485; RCivC 1903, § 1179; RC 1919, § 786; SDC 1939, § 47.0235.