20-2-5. Fulfillment of conditions before requiring performance.
Before any party to an obligation can require another party to perform any act under it, he must fulfill all conditions precedent thereto imposed upon himself; and must be able, and offer, to fulfill all conditions concurrent, so imposed upon him, on the like fulfillment by the other party, except as provided by §20-2-6.
Source: CivC 1877, §809; CL 1887, §3432; RCivC 1903, §1125; RC 1919, §732; SDC 1939, §47.0109.