ContractsQuestion 50 of 100
A contract that has been fully performed by both parties is described as:
a.Executory
b.Executed
c.Voidable
d.Unilateral
Explanation
An executed contract is one in which both parties have fully performed all obligations. An executory contract still has duties left to perform, such as a signed purchase agreement before closing. Do not confuse this with an executed (signed) document, which is a different use of the word.
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