Section 53-11-1 - Extinguishment of contracts--Methods.

53-11-1. Extinguishment of contracts--Methods. A contract may be extinguished in like manner as any other obligation and also by rescission, alteration, and cancellation, as provided by statute.

Source: CivC 1877, §§ 963, 964; CL 1887, §§ 3587, 3588; RCivC 1903, §§ 1281, 1282; RC 1919, §§ 902, 903; SDC 1939, § 10.0801.