Chapter 01 - Guaranty - South Dakota Statutes

SOUTH DAKOTA STATUTES AND CODES

Chapter 01 - Guaranty

Section 56-1-1 - "Guaranty" defined.
Section 56-1-2 - Knowledge of principal unnecessary to creation of guaranty.
Section 56-1-3 - Consideration--When required.
Section 56-1-4 - Requirements as to writing--Signature of guarantor--Expression of considerationunnecessary.
Section 56-1-5 - Promise for consideration to answer for obligation of another--Writing unnecessary.
Section 56-1-6 - Obligation which renders the party making the promise the principal debtor, and theperson in whose behalf it is made the surety--Writing unnecessary.
Section 56-1-7 - Promise for antecedent obligation of another--Writing unnecessary.
Section 56-1-8 - Undertaking by factor to sell merchandise and guarantee sale--Writing unnecessary.
Section 56-1-9 - Holder of instrument for the payment of money, upon which third person liable,transferring it in payment of precedent debt entering into a promise respecting suchinstrument--Writing u
Section 56-1-10 - Acceptance of guaranty.
Section 56-1-11 - Guaranty of incomplete contract.
Section 56-1-12 - Guaranty that obligation is good or collectible.
Section 56-1-13 - Recovery upon guaranty that obligation is good or collectible.
Section 56-1-14 - Failure to take proceedings upon principal debt does not discharge guaranty ofsolvency.
Section 56-1-15 - Construction of guaranty--Unconditional in absence of terms importing conditionprecedent.
Section 56-1-16 - Liability of guarantor--Time of accrual--Default of principal--Demand or noticeunnecessary.
Section 56-1-17 - Liability of guarantor of conditional obligation--Notice of default.
Section 56-1-18 - Obligations of guarantor--Scope and limitations.
Section 56-1-19 - Liability of guarantor--Contract of principal unlawful--Personal disability ofprincipal.
Section 56-1-20 - "Continuing guaranty" defined.
Section 56-1-21 - Revocation of continuing guaranty--Exception.
Section 56-1-22 - Exoneration of guarantor--Alteration of original obligation of principal--Impairmentof rights of creditors.
Section 56-1-23 - Void promises do not exonerate guarantor.
Section 56-1-24 - Liability of guarantor exonerated by agreement altering original obligation of debtoror impairing remedy of creditor not restored by rescission of such agreement.
Section 56-1-25 - Obligation of guarantor reduced by partial satisfaction of obligation.
Section 56-1-26 - Delay of creditors in enforcement of remedy--Guarantor not exonerated.
Section 56-1-27 - Liability of indemnified guarantor.

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Chapter 01 - Guaranty

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