9-05-06. Executory consideration - Method of ascertaining.
39 words·~1 min read·
/nd/title-09/chapter-9-05-consideration/9-05-06A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When a consideration is executory, it is not indispensable that the contract should specify its amount or the means of ascertaining it. It may be left to the decision of a third person or regulated by any specified standard.