§ 26-2-1 Delegation of power by minor–Contracts relating to property–Account at financialinstitution
§ 26-2-2 Disability of minority removed to permit use of veterans’ loan privileges
§ 26-2-3 Contracts subject to power of disaffirmance
§ 26-2-4 Power of disaffirmance not applicable to necessaries
§ 26-2-5 Power of disaffirmance not applicable to contract under express statutory authority
§ 26-2-6 Time for disaffirmance of contract–Persons authorized to disaffirm–Restoration ofconsideration
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Terms Used In South Dakota Codified Laws > Title 26 > Chapter 2 - Contracts of Minors

  • Contract: A legal written agreement that becomes binding when signed.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.