Mary goes into Honest Harry's Electronics and purchases a big-screen TV.Mary agrees to pay for the TV in 30 days on the store's "30 days same as cash" plan.This is an executory contract.

Question

Quizplus · Accepted Answer

This is an executory contract because Mary has agreed to pay for the TV in the future (in 30 days), and the store has agreed to wait for payment until that time. Until the payment is made and the contract is fully executed, it remains executory.

Mary Goes into Honest Harry's Electronics and Purchases a Big-Screen