Contracts
A North Dakota purchase agreement that is 'executory' means:
AThe contract has been fully performed by both parties
BThe contract has been signed but performance has not yet been fully completed✓ Correct
CThe contract was executed by the probate court
DThe contract is for foreclosure sale
Explanation
An executory contract is one where obligations remain to be performed by one or both parties. A real estate purchase contract is executory from signing until closing, when it becomes 'executed' (fully performed).
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