Contracts
A contract that has been fully performed by both parties is called:
AExecutory
BExecuted✓ Correct
CVoidable
DUnenforceable
Explanation
An executed contract is one in which all parties have fully performed their obligations. A contract is executory until performance is complete (e.g., a purchase agreement is executory until closing).
Related Arkansas Contracts Questions
- Which of the following is an example of a 'subject to' clause in a real estate contract?
- In an Arkansas purchase agreement, a contingency clause allows a buyer to:
- An assignment of a real estate contract means:
- An addendum to a real estate contract:
- An interpleader action is used by a broker when:
- A seller who accepts a backup offer while already under contract with a buyer should:
- Under Arkansas's Statute of Frauds, real estate purchase contracts must be:
- A contract that lacks consideration is:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →