Laborers working on a building are promised by their contractors that their wages would be paid at the end of every month.The laborers also in return promise to work from the beginning of the subsequent month.When the laborers have worked for the entire duration of the month and are awaiting their wages at the end of the month,the contract is ______.
A) void
B) executory
C) implied
D) executed
E) unilateral

Question

Quizplus · Accepted Answer

In this scenario, since the laborers are awaiting their wages, the contract is executory. It is an executory contract because the contractors are yet to fulfill their promise of the payment of wages. An executed contract is one in which the parties have performed their promises. When the parties have not yet performed their agreement, it is called an executory contract.

Laborers Working on a Building Are Promised by Their Contractors