20-4-2. Joint obligation extinguished by performance by one person.
Performance of an obligation, by one of several persons who are jointly liable under it, extinguishes the liability of all.
Source: CivC 1877, §828; CL 1887, §3452; RCivC 1903, §1145; RC 1919, §752; SDC 1939, §47.0202.
Structure South Dakota Codified Laws
Title 20 - Personal Rights and Obligations
Chapter 04 - Performance Of Obligations
Section 20-4-1 - Obligation extinguished by full performance.
Section 20-4-2 - Joint obligation extinguished by performance by one person.
Section 20-4-3 - Joint right extinguished by performance to one person--Deposit excepted.
Section 20-4-4 - Obligation extinguished by performance in manner directed by creditor.
Section 20-4-6 - Performance applicable to two or more obligations.
Section 20-4-7 - Performance applied according to debtor's intent.
Section 20-4-9 - Application of performance in absence of selection by parties.