Mary goes into Honest Harry's Electronics and purchases a 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.

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An executory contract is a contract where one or both parties have not yet fulfilled their obligations. In this case, Mary has agreed to pay for the TV in 30 days, so her obligation to pay is still executory. The contract is not yet fully executed until Mary pays in full.

Mary Goes into Honest Harry's Electronics and Purchases a TV