Asked by Mariia Dublevska on May 09, 2024
Verified
An executed contract is one that has been fully performed by both parties to it.
Executed Contract
A contract that has been completely performed by both parties.
- Distinguish between executed and executory contracts.
Verified Answer
OT
ojmnkk thtgffMay 12, 2024
Final Answer :
True
Explanation :
An executed contract is one where both parties have fulfilled their contractual obligations, meaning all terms of the contract have been completely performed.
Learning Objectives
- Distinguish between executed and executory contracts.