South Dakota Codified Laws 53-11-4. Prompt action by party rescinding on discovery of duress, undue influence, ordisability
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The party rescinding a contract must rescind promptly, upon discovering the facts which entitle him to rescind, if he is free from duress, undue influence, or disability, and is aware of his right to rescind.
Terms Used In South Dakota Codified Laws 53-11-4
- Contract: A legal written agreement that becomes binding when signed.
Source: CivC 1877, § 967, subdiv 1; CL 1887, § 3591, subdiv 1; RCivC 1903, § 1285, subdiv 1; RC 1919, § 906 (1); SDC 1939, § 10.0804 (1).