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; CL 1887, § 3572; RCivC 1903, § 1266; RC 1919, § 887; SDC 1939, § 10.0107.
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