Origin of obligations.

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20-1-2. Origin of obligations.

An obligation arises either from:

(1)The contract of the parties; or

(2)The operation of law.

Source: CivC 1877, §799; CL 1887, §3422; RCivC 1903, §1115; RC 1919, §722; SDC 1939, §47.0102.


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