Section 53-5-1 - Object of contract defined.

53-5-1. Object of contract defined. The object of a contract is the thing which it is agreed, on the part of the party receiving the consideration, to do or not to do.

Source: CivC 1877, § 901; CL 1887, § 3525; RCivC 1903, § 1219; RC 1919, § 834; SDC 1939, § 10.0401.