South Dakota Codified Laws > Title 21 > Chapter 12 – Rescission of Contracts
Current as of: 2023 | Check for updates
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Other versions
| § 21-12-1 | Grounds for rescission |
| § 21-12-2 | Restoration to original condition required on rescission for mistake |
| § 21-12-3 | Compensation required of plaintiff for rescission |
Terms Used In South Dakota Codified Laws > Title 21 > Chapter 12 - Rescission of Contracts
- Contract: A legal written agreement that becomes binding when signed.
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2