53-6-1. Good consideration, acts constituting.
Any benefit conferred or agreed to be conferred upon the promiser by any other person to which the promiser is not lawfully entitled, or any prejudice suffered or agreed to be suffered by such person, other than such as he is at the time of consent lawfully bound to suffer as an inducement to the promiser, is a good consideration for a promise.
Source: CivC 1877, §906; CL 1887, §3530; RCivC 1903, §1224; RC 1919, §839; SDC 1939, §10.0501.
Structure South Dakota Codified Laws
Chapter 06 - Consideration For Contracts
Section 53-6-1 - Good consideration, acts constituting.
Section 53-6-2 - Legal or moral obligation as good consideration.
Section 53-6-3 - Instrument as evidence of consideration.
Section 53-6-4 - Burden of proof to invalidate sufficient consideration.
Section 53-6-5 - Lawful consideration required.
Section 53-6-6 - Illegality of consideration, effect.
Section 53-6-8 - Executory consideration--Determination of amount.
Section 53-6-9 - Impossibility of ascertaining consideration, effect.