Contracts
A Florida real estate contract that is 'executory' means:
AThe contract was executed (signed) by all parties
BThe contract is still in the process of being performed; obligations remain outstanding✓ Correct
CThe contract was cancelled by mutual agreement
DThe property is part of a probate estate
Explanation
An executory contract is one that has been signed but not yet fully performed — there are still obligations to be completed by one or both parties. Most real estate contracts are executory from signing until closing.
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