Question: An executory contract exists when q , Some performance or promise remains unfulfilled by one or more of the contracting parties An executor is called

An executory contract exists when q,
Some performance or promise remains unfulfilled by one or more of the contracting parties
An executor is called upon to perform
All conditions and promises have been completed by all of the parties
The elements of a valid contract are not present
An executory contract exists when q, Some performance or promise remains

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

please help What is consideration, and why is it important in contract law? List and explain the three primary categories of intellectual property law. List and explain the elements of civil...

Q:

d. The contract of sale is W 3?. What is the effect to the contract of sale if the determination of the price is left to the judgment of a third person. where such third person or persons are...

Q:

Do short brief ( intro, body, conclu ), comprising the most important takeaways of this text. Just few notes please. Thank you very much. I am not goinng to use the tutor's work as my own. CHAPTER @...

Q:

Hooters of America v. Phillips Hooters of America v. Phillips 173 F.3d 933 (1999) United States Court of Appeals, Fourth Circuit Background and Facts: In 1989, Annette Phillips was hired by Hooters...

Q:

Question 3 5 5 pts An executory contract exists when: The promises have not been completed by one or more of the parties An executor is called upon to perform All conditions and promises have been...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

1. A contract never can be both executory and unilateral. a. True b. False 2. An acceptance must be absolute and unconditional. a. True b. False 3. An offer is effective only if it is communicated by...

Q:

Excused Performance When Circumstances Change I. Introduction Circumstances change. Contracts made in good times may have to be performed in bad times. The cost of the seller's raw materials may...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

Q:

Your firm is interested in selling a new type of headphone. The machinery to build these headphones costs $300,000 (at year 0) and will be used for 10 years. At the end of these 10 years, the machine...

Q:

How do Mendels experiments show that traits may be dominant or recessive?

Q:

Copies of tax returns and supporting data should be saved for 10 years. Group startsTrue or FalseWhich of the following are two personal financial statements that you create yourself? Multiple Choice...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...