§ 53-6-1 Good consideration, acts constituting
§ 53-6-2 Legal or moral obligation as good consideration
§ 53-6-3 Instrument as evidence of consideration
§ 53-6-4 Burden of proof to invalidate sufficient consideration
§ 53-6-5 Lawful consideration required
§ 53-6-6 Illegality of consideration, effect
§ 53-6-8 Executory consideration–Determination of amount
§ 53-6-9 Impossibility of ascertaining consideration, effect
§ 53-6-10 Effect of impossibility of ascertaining consideration–Possible of execution on face
§ 53-6-11 Measure of consideration, ascertainment

Terms Used In South Dakota Codified Laws > Title 53 > Chapter 6 - Consideration for Contracts

  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2