Study each of the cases below. Indicate whether the contract is executed, executory, or neither, and whether it is valid, voidable, or void, by placing an X in the space provided.

Knoll and Kalichuk signed an agreement for the sale of Knoll’s sailboat. The agreement was complete in all respects, including the provision of time and place of delivery, sale price, and accessories included. On the date agreed for the exchange of payment and delivery of the boat, Knoll informed Kalichuk that he had changed his mind and decided not to sell.

a. Executed Executory Neither

b. Valid Voidable Void