§ 57A-1-101 Short title
§ 57A-1-102 Scope of chapter
§ 57A-1-103 Construction of title to promote its purposes and policies–Applicability of supplemental principles of law
§ 57A-1-104 Construction against implied repeal
§ 57A-1-105 Severability
§ 57A-1-106 Use of singular and plural–Gender
§ 57A-1-107 Section captions
§ 57A-1-108 Relation to Electronic Signatures in Global and National Commerce Act
§ 57A-1-201 General definitions
§ 57A-1-202 Notice–Knowledge
§ 57A-1-203 Lease distinguished from security interest
§ 57A-1-204 Value
§ 57A-1-205 Reasonable time–Seasonableness
§ 57A-1-206 Presumptions
§ 57A-1-301 Territorial applicability–Parties’ power to choose applicable law
§ 57A-1-302 Variation by agreement
§ 57A-1-303 Course of performance, course of dealing, and usage of trade
§ 57A-1-304 Obligation of good faith
§ 57A-1-305 Remedies to be liberally administered
§ 57A-1-306 Waiver or renunciation of claim or right after breach
§ 57A-1-307 Prima facie evidence by third-party documents
§ 57A-1-308 Performance or acceptance under reservation of rights
§ 57A-1-309 Option to accelerate at will
§ 57A-1-310 Subordinated obligations
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Terms Used In South Dakota Codified Laws > Title 57A > Chapter 1 - General Provisions

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fraud: Intentional deception resulting in injury to another.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2