Section 56-1-15 - Construction of guaranty--Unconditional in absence of terms importing conditionprecedent. - South Dakota Statutes

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.