Section 56-1-3 - Consideration--When required

56-1-3. Consideration--When required.Where a guaranty is entered into at the same time with the original obligation or with the acceptance of the latter by the guarantee and forms, with that obligation, a part of the consideration to him, no other consideration need exist. In all other cases there must be a consideration distinct from that of the original obligation. Source: SDC 1939, §26.0103.