<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 53-11-2 - Rescission by party to contract--Grounds. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2072083Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072083SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072083CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2072083Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072083DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2072083Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2072083000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2072083SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2072083SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2072083Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=53-11-2"><span class="s2072083SENU">53-11-2</span></a><span xml:space="preserve" class="s2072083SENU">. </span><span class="s2072083CL">Rescission by party to contract--Grounds.</span></p><p dir="ltr" class="s2072083Normal-000000"><span class="s2072083DefaultParagraphFont">A party to a contract may rescind the same in the following cases only:</span></p><p dir="ltr" class="s2072083Normal-000001"><span class="s2072083DefaultParagraphFont">(1)    If consent of the party rescinding or of any party jointly contracting with him was given by mistake or obtained through duress, fraud, or undue influence exercised by or with the connivance of the party as to whom he rescinds, or of any other party to the contract jointly interested with such party;</span></p><p dir="ltr" class="s2072083Normal-000001"><span class="s2072083DefaultParagraphFont">(2)    If through fault of the party as to whom he rescinds, the consideration for his obligation fails in whole or in part;</span></p><p dir="ltr" class="s2072083Normal-000001"><span class="s2072083DefaultParagraphFont">(3)    If the consideration becomes entirely void from any cause;</span></p><p dir="ltr" class="s2072083Normal-000001"><span class="s2072083DefaultParagraphFont">(4)    If such consideration before it is rendered to him fails in a material respect from any cause; or</span></p><p dir="ltr" class="s2072083Normal-000001"><span class="s2072083DefaultParagraphFont">(5)    By consent of all the other parties.</span></p><p dir="ltr" class="s2072083Normal"><span xml:space="preserve" class="s2072083000002"> </span></p><p dir="ltr" class="s2072083Normal"><span class="s2072083SCL">Source:</span><span xml:space="preserve" class="s2072083SCL-000003"> CivC 1877, § 965; CL 1887, § 3589; RCivC 1903, § 1283; RC 1919, § 904; SDC 1939, § 10.0802.</span></p></div></body></html>