California, United States of America
The following excerpt is from Tippett v. Terich, 37 Cal.App.4th 1517, 44 Cal.Rptr.2d 862 (Cal. App. 1995):
Civil Code section 1689, the basis for rescission based on unlawful consideration, does not distinguish between executory and executed contracts. (Engle v. Farrell (1946) 75 Cal.App.2d 612, 617-618, 171 P.2d 588.) Thus, as a matter of pleading, the trial court erred because a cause of action for rescission was available to plaintiff.
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