Obligation extinguished by release on new consideration or in writing.

  1. Law
  2. South Dakota Codified Laws
  3. Personal Rights and Obligations
  4. Accord And Satisfaction, Novation And Release Of Obligations
  5. Obligation extinguished by release on new consideration or in writing.

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20-7-10. Obligation extinguished by release on new consideration or in writing.

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.


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