Question

What is Executory contact?​

Answer 1

Answer:

Executed and Executory Contracts - An executed contract is one that has been fully performed. Both parties have done all they promised to do. An executory contract is one that has not been fully performed. Something agreed upon remains to be done by one or both of the parties.

Answer 2

An executed contract is one that has been fully performed. Both parties have done all they promised to do. An executory contract is one that has not been fully performed. Something agreed upon remains to be done by one or both of the parties.

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