South Dakota Codified Laws 56-1-19. Liability of guarantor–Contract of principal unlawful–Personal disability ofprincipal
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A guarantor is not liable if the contract of the principal is unlawful, but he is liable notwithstanding any mere personal disability of the principal, though the disability be such as to make the contract void against the principal.
Terms Used In South Dakota Codified Laws 56-1-19
- Contract: A legal written agreement that becomes binding when signed.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
Source: SDC 1939, § 26.0113.