Contracts
Under Colorado law, a real estate sales contract is 'executory' when:
AThe contract has been fully performed by all parties
BThe contract has been signed but not yet fully performed — obligations remain outstanding✓ Correct
CThe contract was signed under duress
DThe contract requires court execution
Explanation
An executory contract is one that has been entered into but has not yet been fully performed — there are still obligations remaining (inspections to conduct, financing to obtain, closing to occur). Once closed, the contract is 'executed' (fully performed).
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