53-6-11. Measure of consideration, ascertainment.
Where a contract does not determine the amount of the consideration nor the method by which it is to be ascertained or when it leaves the amount thereof to the discretion of an interested party, the consideration must be so much money as the object of the contract is reasonably worth.
Source: CivC 1877, §912; CL 1887, §3536; RCivC 1903, §1230; RC 1919, §845; SDC 1939, §10.0506.
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.