Question: An executory contract is one which: a. has one party b. has an obligation yet to be performed c. has 2 or more parties but

An executory contract is one which:

a. has one party

b. has an obligation yet to be performed

c. has 2 or more parties but only one is has obligations.

d. has no obligations left to perform by both parties.

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 Law Questions!

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

1. List and define the four type of damages, which are usually determined by the jury 2. Terry O'Rourke, a 25-year old patient of Dr. Williams, refuses to take her medication to control diabetes and...

Q:

Kindly answer tutor, thank you 1 What is the status of a contract entered into between an unemancipated minor and an insane or demented person? Select one: a. Unenforceable b. Null and void c....

Q:

An executory contract is one with: Has one party Has an obligation yet to be performed Has 2 or more parties but only one is has obligation Has no obligations left to perform by both parties. 2....

Q:

1. The following are true as it relates to the doctrine of privity except - a. A third party has no rights under a contract to which they are not a party b. The Doctrine of Privity was dealt with in...

Q:

1. The following are true as it relates to the doctrine of privity except - a. A third party has no rights under a contract to which they are not a party b. The Doctrine of Privity was dealt with in...

Q:

3 1 1. The element of proper form requires that certain contracts must be: r witnessed by several witnesses. r in writing. It" court-ordered. If" protable to all parties. 3 2 1. All of the following...

Q:

An Executory contract is one: Group of answer choices a . in which performance by at least one party has yet to be performed b . that is a court - imposed agreement to prevent the unjust enrichment...

Q:

56. The stages in the life of a contract are in the following order:* A. Egg, Larva, Pupa B. Negotiation, Perfection, Termination C. Proposal, Negotiation, Delivery D. Offer, Acceptance, Performance...

Q:

1- Agreement and consideration are two of the four elements of a valid contract. True Or False 2- No contract is enforceable unless it exists in a writing signed by the party against whom enforcement...

Q:

On January 1, 2021, SP Company signed a 4-year lease for a car. The terms of the lease called for SP Company to make annual payments of $2,000 at the beginning of each year, starting January 1, 2021....

Q:

Many commentators have blamed the subprime crisis on irrational exuberance. What is your view? Explain briefly.

Q:

Eric Clapton's 2 2 - year - old daughter Layla has just accepted a job with American Manganese Inc. ( AMYZF ) , an up and coming mineral research company from Canada. AMYZF offers employees a...

Q:

McDonald's Supply Chain Management and Logistics In 1996, when McDonald's entered India, it was looking for a distribution agent who would act as a hub for all its vendors. Radhakrishna Foodland...

Q:

3. An initial value (anchoring).

Q:

4. Similarity (representativeness).

Q:

2. In this chapter, the reader should reflect on the following concepts: Idealized system design, analogue thinking, contrast principle, consistency principle, reciprocity principle, scarcity...