17 chapters · 245 sections in this title.
SDCL § 20-6-7 Refusal of performance before offer equivalent to offer and refusal
0.3K chars
A refusal by a creditor to accept performance, made before an offer thereof, is equivalent to an offer and refusal, unless, before performance is actually due, he gives notice to the debtor of his willingness to accept it. Source: CivC 1877, § 858; CL 1887, § 3482; RCivC 1903, § …
SDCL § 20-7-1 Accord defined
0.3K chars
An accord is an agreement to accept, in extinction of an obligation, something different from that to which the person agreeing to accept is entitled. Source: CivC 1877, § 859; CL 1887, § 3483; RCivC 1903, § 1177; RC 1919, § 784; SDC 1939, § 47.0233.
SDCL § 20-7-10 Obligation extinguished by release on new consideration or in writing
0.3K chars
An obligation is extinguished by a release therefrom given to the debtor by the creditor, upon a new consideration, or in writing, with or without new consideration. Source: CivC 1877, § 867; CL 1887, § 3491; RCivC 1903, § 1185; RC 1919, § 792; SDC 1939, § 47.0240.
SDCL § 20-7-11 Unknown claims not released by general release
0.3K chars
A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor. Source: CivC 1877, § 868; CL 1887, § 3492; RCivC…