Dawn and Isaac sign a contract in which Dawn agrees to deliver 8 bags of flour in exchange for Isaac's promise to pay $25 per bag.Dawn delivers the flour.Isaac pays for the goods.This contract is fully executory.

Question

Quizplus · Accepted Answer

A contract is considered fully executory when both parties have yet to fulfill their obligations. In this case, since Dawn has delivered the flour and Isaac has paid for it, the contract is executed, not executory.

Dawn and Isaac Sign a Contract in Which Dawn Agrees