§ 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