Object of contract defined.

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53-5-1. Object of contract defined.

The object of a contract is the thing which it is agreed, on the part of the party receiving the consideration, to do or not to do.

Source: CivC 1877, §901; CL 1887, §3525; RCivC 1903, §1219; RC 1919, §834; SDC 1939, §10.0401.


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