South Dakota Codified Laws 53-6-11. Measure of consideration, ascertainment
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Where a contract does not determine the amount of the consideration nor the method by which it is to be ascertained or when it leaves the amount thereof to the discretion of an interested party, the consideration must be so much money as the object of the contract is reasonably worth.
Terms Used In South Dakota Codified Laws 53-6-11
- Contract: A legal written agreement that becomes binding when signed.
Source: CivC 1877, § 912; CL 1887, § 3536; RCivC 1903, § 1230; RC 1919, § 845; SDC 1939, § 10.0506.