S.D. Codified Laws § 53-6-2

Current through the 2024 Legislative Session

Section 53-6-2 - Legal or moral obligation as good consideration

An existing legal obligation resting upon the promiser or a moral obligation originating in some benefit conferred upon the promiser or prejudice suffered by the promisee is also a good consideration for a promise to an extent corresponding with the extent of the obligation, but no further or otherwise.

SDCL 53-6-2

CivC 1877, § 907; CL 1887, § 3531; RCivC 1903, § 1225; RC 1919, § 840; SDC 1939, § 10.0502.