Execution of accord required to extinguish obligation.

  1. Law
  2. South Dakota Codified Laws
  3. Personal Rights and Obligations
  4. Accord And Satisfaction, Novation And Release Of Obligations
  5. Execution of accord required to extinguish obligation.

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20-7-2. Execution of accord required to extinguish obligation.

Though the parties to an accord are bound to execute it, yet it does not extinguish the obligation until it is fully executed.

Source: CivC 1877, §860; CL 1887, §3484; RCivC 1903, §1178; RC 1919, §785; SDC 1939, §47.0234.


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