South Dakota Codified Laws 53-6-1. Good consideration, acts constituting
Current as of: 2023 | Check for updates
|
Other versions
Any benefit conferred or agreed to be conferred upon the promiser by any other person to which the promiser is not lawfully entitled, or any prejudice suffered or agreed to be suffered by such person, other than such as he is at the time of consent lawfully bound to suffer as an inducement to the promiser, is a good consideration for a promise.
Terms Used In South Dakota Codified Laws 53-6-1
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: CivC 1877, § 906; CL 1887, § 3530; RCivC 1903, § 1224; RC 1919, § 839; SDC 1939, § 10.0501.