South Dakota Codified Laws 56-1-1. Guaranty defined
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A guaranty is a promise to answer for the debt, default, or miscarriage of another person.
Terms Used In South Dakota Codified Laws 56-1-1
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 26.0101.