S.D. Codified Laws § 53-10-1

Executed contract distinguished from executory contract

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

An executed contract is one, the object of which is fully performed. All others are executory.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.