Contracts
An executed contract is one where:
AIt has been signed (executed) but performance is still pending
BAll parties have fully performed their contractual obligations✓ Correct
CA notary has certified the signatures
DThe contract has been filed with AREC
Explanation
An executed contract is one in which all parties have fulfilled their obligations—it is complete. In real estate, this typically means closing has occurred and title has been transferred.
Related Arkansas Contracts Questions
- Which of the following is NOT an essential element of a valid real estate contract?
- A real estate purchase agreement for new construction typically includes:
- When both parties to a real estate contract have fully performed all their obligations, the contract is said to be:
- Which clause in a purchase contract allows a seller to continue marketing the property and accept a better offer, giving the original buyer the right to remove a contingency or lose the contract?
- A real estate agent preparing a purchase contract for a buyer should be careful not to:
- In a real estate contract, 'time is of the essence' means that:
- Under the Mailbox Rule, acceptance of a mailed offer is effective:
- Specific performance as a remedy in a real estate contract dispute means:
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