28-2-812: How amount of executory consideration may be determined.
Where this section sits in the code
- TITLE 28. CONTRACTS AND OTHER OBLIGATIONS
- CHAPTER 2. CONTRACTS
- Part 8. Consideration
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.
Collected 2026-09-14T04:50:44Z. Source file · JSON