ContractsTypes_of_contractsMEDIUM
The deed has been delivered, the purchase price has been paid, and no further duties remain under the sales contract. What is the status of that contract?
Correct Answer
A) Executed contract
Executed contract is correct because the facts match a contract in which all parties have fully performed their obligations. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
Executed contractB
Express contractC
Implied contractD
Executory contractWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Contracts Question
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Background Knowledge for Contracts
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Real World Application in Contracts
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Related Topics & Key Terms
Key Terms:
types_of_contractscontractsexecuted_contractcontract_status
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