Contracts
In Vermont, a real estate purchase and sale agreement is considered 'executory' until:
ABoth parties sign the contract
BAll parties have fully performed all obligations at closing✓ Correct
CThe contingency period has expired
DThe earnest money is deposited
Explanation
An executory contract is one that has been signed but whose terms have not yet been fully performed. A real estate contract remains executory until all obligations are fulfilled—typically at the closing when deed is delivered and payment is made.
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