A wholly written contract establishes which classification of contract?
A)An executory contract.
B)A contract of record.
C)An executed contract.
D)An express contract.

Question

Quizplus · Accepted Answer

A wholly written contract is also known as an express contract, as it is explicitly stated and agreed upon in writing by both parties. It is not an executory contract (which is a contract that has not yet been fully performed) or an executed contract (which has been fully performed). It is also not a contract of record, which is a court-ordered contract that establishes a legal obligation.

A Wholly Written Contract Establishes Which Classification of Contract