Court Opinion

ID: 9462823
Source: CourtListenerOpinion
Date Created: 2023-08-04 22:51:20.086885+00
Date Added: 2024-06-11T17:37:48.435662
License: Public Domain

*333REAL, District Judge
(concurring):
I concur. I only add that in Goodman v. Global Industries, 80 Cal.App.2d 583, 182 P.2d 300 and In re Mathews Construction Co., 120 F.Supp. 818 (S.D.Cal.1954), those courts were dealing with what they termed executory contracts.
California Civil Code § 1661 defines an executed contract as “one, the object of which is fully performed.” Here, the object of the contract — i. e., transfer of Appellant’s interest in the corporation — was fully performed. All that remained was the payment of money. This is the classic executed contract. Smith v. Allen, 68 Cal.2d 93, 65 Cal.Rptr. 153, 436 P.2d 65 (1968).