Contracts
In Oklahoma, a real estate contract is considered 'executory' when:
AAll obligations have been fully performed by all parties
BThe contract has been signed but the transaction has not yet closed — obligations remain to be performed✓ Correct
CThe contract has expired without performance
DOnly one party has signed
Explanation
An executory contract is one that has been entered into but not yet fully performed. A real estate purchase contract between signing and closing is executory — the buyer hasn't paid in full and the seller hasn't conveyed title yet.
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