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SOUTH DAKOTA STATUTES AND CODES

Section 56-1-11 - Guaranty of incomplete contract.

56-1-11. Guaranty of incomplete contract. In a guaranty of a contract, the terms of which are not then settled, it is implied that its terms shall be such as will not expose the guarantor to greater risks than he would incur under those terms which are most common in similar contracts at the place where the principal contract is to be performed.

Source: SDC 1939, § 26.0107.

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