Question

The offer and acceptance constituting an agreement enforceable by law by the conduct of the parties is called an ……….. (A) Express contract (B) Implied contract (C) Quasi contract (D) Executed contract​

Answer 1

Answer:

a answer is this the answer correct

Answer 2

ANSWER :

★ (D) Executed Contract

• ➺ The offer and acceptance constituting an agreement enforceable by law by the conduct of the parties is called an Executed Contract.

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EXPLANATION :

❒ Executed Contract :-

• ✎ An Executed Contract is a contract in which both the parties have fulfilled their obligations under the contract.

• ✎ A contract is said to be executed when both the parties involved in the contract have discharged their respective obligations and there remains nothing to be performed by either the party.

• ✎ In an Executed Contract, the offer by one party is accepted by another party and the agreement is enforceable by law.

• ✎ An Executed Contract is one which is wholly performed or it is a fully implemented contract.

• ✎ For example : Suppose, there is a sales agreement between A and B. A offers B to buy A's car by paying cash. B accepts the offer of A, pays the required cash amount to B and A inśtantly delivers his car to B. In this agreement, both the party namely A and B have performed their respective obligations, i.e., A delivers the car to B and B pays cash to A. Thus, there remains nothing to be performed by either party. Hence, this agreement is called an Executed Contract.