Though the parties to an accord are bound to execute it, yet it does not extinguish the obligation until it is fully executed.

Terms Used In South Dakota Codified Laws 20-7-2

  • 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, § 860; CL 1887, § 3484; RCivC 1903, § 1178; RC 1919, § 785; SDC 1939, § 47.0234.