Contracts
In Michigan, a contract for the sale of real estate is said to be 'executed' when:
AAll parties have signed it
BAll terms and conditions have been fully performed by all parties✓ Correct
CThe earnest money has been deposited
DThe property has been inspected
Explanation
An executed contract is one in which all parties have fully performed all obligations. An executory contract is one in which some or all performance remains to be completed.
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