53-1-2. Essential elements of contract.
Elements essential to existence of a contract are:
(1)Parties capable of contracting;
(2)Their consent;
(3)A lawful object; and
(4)Sufficient cause or consideration.
Source: CivC 1877, §871; CL 1887, §3495; RCivC 1903, §1189; RC 1919, §804; SDC 1939, §10.0102.
Structure South Dakota Codified Laws
Chapter 01 - Definitions And General Provisions
Section 53-1-1 - Contract defined.
Section 53-1-2 - Essential elements of contract.
Section 53-1-3 - Contracts, express or implied--Express contract defined--Implied contract defined.
Section 53-1-4 - Law and usage of place of performance, application to contracts.