BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A contract that has not been performed by both sides is called lame. executed. voidable. executory.
A
lame
B
executed
C
executory
D
voidable
Explanation: 

Detailed explanation-1: -An executory contract is a contract that has not yet been fully performed or fully executed.

Detailed explanation-2: - An executory contract [4302.10]is a contract that has not yet been fully performed by one or more parties.

Detailed explanation-3: -An executory contract is an ongoing agreement between two parties who are responsible for completing certain obligations over a set period of time. They are written agreements that ensure each party is clear about their own and the other’s responsibilities.

Detailed explanation-4: -Executory refers to something (generally a contract) that has not yet been fully performed or completed and is therefore considered imperfect or unassured until its full execution.

Detailed explanation-5: -What are executed contracts and executory contracts? An executed contract is one in which the parties have performed their duties under the contract. An executory contract is one in which the parties have not yet performed their obligations under the agreement.

There is 1 question to complete.