An executory contract refers to an agreement:
A)in which one promise or set of terms has been fulfilled.
B)that is lacking one of the legal elements of a contract.
C)consisting of a set of promises,before either promise is carried out.
D)that has been carried out fully by both parties.
E)that is unenforceable by one party but enforceable by the other.

Question

Quizplus · Accepted Answer

An executory contract is a contract in which both parties have made promises, but neither has fulfilled their promise yet. Until both promises are completed, the contract remains executory.

An Executory Contract Refers to an Agreement