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2012 South Dakota Codified Laws
Title 56 GUARANTY, SURETYSHIP AND INDEMNITY
Chapter 01. Guaranty
§56-1-25 Obligation of guarantor reduced by partial satisfaction of obligation.


SD Codified L § 56-1-25 (through 2012) What's This?


56-1-25. Obligation of guarantor reduced by partial satisfaction of obligation. The acceptance by a creditor of anything in partial satisfaction of an obligation reduces the obligation of a guarantor thereof in the same measure as that of the principal, but does not otherwise affect it.

Source: SDC 1939, § 26.0119.

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