Statutes > South Dakota Statutes > Title 53 - CONTRACTS > Chapter 10 - Performance Of Contracts > Section 53-10-1 - Executed contract distinguished from executory contract.

Section 53-10-1 - Executed contract distinguished from executory contract.

53-10-1. Executed contract distinguished from executory contract. An executed contract is one, the object of which is fully performed. All others are executory.

Source: CivC 1877, § 952; CL 1887, § 3576; RCivC 1903, § 1270; RC 1919, § 891; SDC 1939, § 10.0103.