Section 53-10-2 – Time of performance of contract not specified–Allowance of reasonable time–Instant action.

53-10-2. Time of performance of contract not specified–Allowance of reasonable time–Instant action. If no time is specified for the performance of an act, a reasonable time is allowed. If the act is capable of being done instantly, such as payment of money, it must be performed immediately when due and ascertained. Source: CivC 1877, §948; […]

Section 53-10-3 – Time as essence of the contract.

53-10-3. Time as essence of the contract. Time is never considered as of the essence of the contract, unless by its terms expressly so provided. Source: CivC 1877, §949; CL 1887, §3573; RCivC 1903, §1267; RC 1919, §888; SDC 1939, §10.0107.