Executory
61executory interests — A general term, comprising all future estates and interests in land or personalty, other than reversions and remainders. A future interest held by a third person (not the grantor) which either cuts short (shifting) or begins some time after… …
62executory judgment — Court decision that has not yet been carried out; e.g., order to defendant to pay plaintiff which has not as yet been fulfilled …
63executory process — A civil law process which can be resorted to in the following cases, namely: (1) When the right of the creditor arises from an act importing confession of judgment, and which contains a privilege or mortgage in his favor; (2) when the creditor… …
64executory promise — A promise that has not yet been performed by the promisor doing whatever act was promised …
65executory unilateral accord — An offer to enter a contract …
66executory accord — An accord which has not been fully performed. 1 Am J2d Accord § 52. A compromise agreement which provides for the acceptance m the future of a stated performance in satisfaction of the antecedent claim. 15 Am J2d Compr § 24 …
67executory bequest — A testamentary gift of personal property on a contingency after an absolute gift to another. Robinson v Harris, 73 SC 469, 53 SE 755 …
68executory consideration — A consideration for a promise or an act, which consideration has not yet been performed and which the party who is to perform is either bound by contract to perform or not. If a promissory note is given for future services of the payee, his… …
69executory contract — A contract to be performed, each party having bound himself to do or not to do a particular thing. 17 Am J2d Contr § 6 …
70executory contract of sale — A contract, the terms and conditions of which must be performed before title passes. 46 Am J1st Sales § 412. A land contract under which the execution and delivery of a further instrument is necessary for the passing of title to the purchaser. 55 …
