Contracts
In South Carolina, a real estate contract is considered 'executory' when:
AIt has been fully performed by both parties
BIt has been signed but not yet fully performed✓ Correct
CIt has been recorded at the courthouse
DOne party has defaulted
Explanation
An executory contract is one that has been entered into but not yet fully performed. Most real estate contracts are executory from signing until closing when they become executed.
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