20-1-2. Origin of obligations.

An obligation arises either from:

(1)    The contract of the parties; or

(2)    The operation of law.

Source: CivC 1877, § 799; CL 1887, § 3422; RCivC 1903, § 1115; RC 1919, § 722; SDC 1939, § 47.0102.