California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 3. OBLIGATIONS |
Part 2. CONTRACTS |
Title 1. NATURE OF A CONTRACT |
Chapter 5. Consideration |
Section 1611.
Latest version.
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When a contract does not determine the amount of the consideration, nor the method by which it is to be ascertained, or when it leaves the amount thereof to the discretion of an interested party, the consideration must be so much money as the object of the contract is reasonably worth.
(Enacted 1872.)