Executed Contract means:

Executed Contract means:

• A. Fully performed
• B. Not yet performed
• C. Based on actions
• D. Based on explicit terms

Answer: (A)

In this context, an executed contract means that all parties have fully performed their obligations under the agreement. In a real estate deal, that happens at closing when the buyer pays the price and the seller transfers title, with all conditions satisfied and nothing left to do. Until that point, the contract is executory, meaning some duties remain unfinished. The other ideas describe how a contract is formed (for example, expressed terms) or what it’s based on, not whether the performance has been completed.

In this context, an executed contract means that all parties have fully performed their obligations under the agreement. In a real estate deal, that happens at closing when the buyer pays the price and the seller transfers title, with all conditions satisfied and nothing left to do. Until that point, the contract is executory, meaning some duties remain unfinished. The other ideas describe how a contract is formed (for example, expressed terms) or what it’s based on, not whether the performance has been completed.