California Codes, Civil Code - CIV, Division 3 — Obligations, Part 2 — Contracts, Title 1 — Nature of a Contract, Chapter 5 — Consideration, Section 1609
A consideration may be executed or executory, in whole or in part. In so far as it is executory it is subject to the provisions of Chapter IV of this Title.
Notes
Defines consideration as capable of being executed or executory, either wholly or partly. To the extent consideration remains executory, it is governed by the provisions of the specified chapter, while consideration already performed is treated as executed under this classification.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1609 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-2/title-1/chapter-5/section-1609