53-2-4. Joint and several contracts.
Where all the parties who unite in a promise receive some benefit from the consideration, whether past or present, their promise is presumed to be joint and several.
Source: CivC 1877, §950; CL 1887, §3574; RCivC 1903, §1268; RC 1919, §889; SDC 1939, §10.0104.