Contracts
Which of the following is an example of an executory contract in Missouri?
AA deed delivered and recorded after closing
BA signed purchase contract where closing has not yet occurred✓ Correct
CAn expired listing agreement
DA lease that has been fully paid and expired
Explanation
An executory contract is one that has been signed but not yet fully performed. A purchase contract awaiting closing is executory because the obligations (conveyance and payment) are still pending.
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