A purchase commitment is an example of a mutually unexecuted contract.

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A purchase commitment is a type of contract where the buyer agrees to buy a certain quantity of goods or services from the seller at a specified price, but the actual purchase and delivery may happen at a later date. Until the goods or services are actually delivered and paid for, the contract remains unexecuted by both parties. Therefore, it is a mutually unexecuted contract.

A Purchase Commitment Is an Example of a Mutually Unexecuted