Extinction by destruction or cancellation of contract or signatures by consent.

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53-11-6. Extinction by destruction or cancellation of contract or signatures by consent.

The destruction or cancellation of a written contract or of the signatures of the parties liable thereon with intent to extinguish the obligation thereof, extinguishes it as to all the parties consenting to the act.

Source: CivC 1877, §970; CL 1887, §3594; RCivC 1903, §1288; RC 1919, §909; SDC 1939, §10.0807.


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