Contracts
In Montana, a real estate purchase contract is considered an executory contract until:
ABoth parties sign the agreement
BAll conditions are performed and the deed is delivered at closing✓ Correct
CThe inspection contingency is waived
DThe earnest money is deposited
Explanation
An executory contract is one where future performance is still required by one or both parties. A Montana purchase contract remains executory until all conditions are met and the deed is delivered and accepted at closing, converting it to an executed contract.
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