Contracts
A West Virginia purchase contract is said to be executory when:
ABoth parties have fully performed their obligations
BThe contract has been signed but not yet fully performed✓ Correct
CThe contract has been rescinded
DOnly the buyer has signed
Explanation
An executory contract is one that has been entered into but not yet fully performed. A real estate contract is executory from signing until closing, when it becomes executed (fully performed).
Related West Virginia Contracts Questions
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