A loan of money is a contract by which one delivers a sum of money to another, and the latter agrees to return at a future time a sum equivalent to that which he borrowed.

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Terms Used In South Dakota Codified Laws 54-1-2

  • Contract: A legal written agreement that becomes binding when signed.

Source: CivC 1877, § 1092; CL 1887, § 3715; RCivC 1903, § 1411; RC 1919, § 1034; SDC 1939, § 38.0101.

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