A mere offer to guarantee is not binding until notice of its acceptance is communicated by the guarantee to the guarantor, but an absolute guaranty is binding upon the guarantor without notice of acceptance.
S.D. Codified Laws § 56-1-10
Acceptance of guaranty
Applied in 1 court decision — leading case 529 F. Supp. 2d 1061 - American Prairie Construction Co. v. Tri-State Financial, LLC (2007)
Most recently applied in 529 F. Supp. 2d 1061 - American Prairie Construction Co. v. Tri-State Financial, LLC (December 2007)
Source: SDC 1939, § 26.0106.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.