Contracts
A Massachusetts real estate contract is 'executory' when:
AIt has been fully performed by both parties
BIt has been signed but not yet fully performed✓ Correct
CIt has been terminated
DIt is being executed at the closing table
Explanation
An executory contract is one that has been entered into but not yet fully performed. A real estate purchase contract is executory from signing until the closing, when it becomes executed.
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