Contracts
A contract is said to be 'executory' when:
AIt has been fully performed by all parties
BOne or more parties still have obligations to perform✓ Correct
CIt has been signed by a notary
DIt has been filed with MREC
Explanation
An executory contract is one in which one or more parties still have obligations remaining to be performed. A real estate purchase contract is executory from signing until closing.
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