Performance of an obligation, by one of several persons who are jointly liable under it, extinguishes the liability of all.

Terms Used In South Dakota Codified Laws 20-4-2

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

Source: CivC 1877, § 828; CL 1887, § 3452; RCivC 1903, § 1145; RC 1919, § 752; SDC 1939, § 47.0202.

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