Construction of guaranty--Unconditional in absence of terms importing condition precedent.

1. Law
2. South Dakota Codified Laws
3. Guaranty, Suretyship and Indemnity
4. Guaranty
5. Construction of guaranty--Unconditional in absence of terms importing condition precedent.

56-1-15. Construction of guaranty--Unconditional in absence of terms importing condition precedent.

A guaranty is to be deemed unconditional unless its terms import some condition precedent to the liability of the guarantor.

Source: SDC 1939, §26.0109.

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