|§ 20-1-1||Obligation defined|
|§ 20-1-2||Origin of obligations|
|§ 20-1-3||Kinds of obligations arising by operation of law|
|§ 20-1-4||Joint and several obligations and rights|
|§ 20-1-5||Obligations and rights presumed joint and not several|
Terms Used In South Dakota Codified Laws > Title 20 > Chapter 1
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2