BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Executed Contract is a legally binding contract that has been fully performed by both parties. The meaning of an executed contract is that if one party doesn’t hold up their end of the bargain, the other can take them to court to enforce the terms of the contract.

Detailed explanation-2: -An executed contract is a finalized agreement that has passed the sign stage and been agreed to by all necessary parties. The agreement is now effective and enforceable.

Detailed explanation-3: -A contract that has been fully performed by all parties is referred to as an executed contract; a contract that has not be fully performed is an executory contract.

Detailed explanation-4: -When a contract ends because all of the parties to the agreement have performed or completed all of their contractually stipulated duties and obligations as negotiated, it is usually said that the contract has been discharged.

Detailed explanation-5: -An example of an executed contract is the purchase of a vehicle in one lump payment. The contract is immediately complete after the sale is over. On the other hand, both parties have to carry out their duties before they fulfill executory contracts. An example of an executory contract is an apartment lease.