Mike and Ike agreed orally that Mike would tutor Ike in geology for $10 per hour for three hours.After Mike has done the three hours of tutoring,but before Ike pays him next week,this contract is:
A) executed.
B) implied-in-fact.
C) executory.
D) performed.
E) quasi-executed.

Question

Quizplus · Accepted Answer

This contract is executory because it has been partially performed but not yet fully performed as Ike has not paid Mike yet.

Mike and Ike Agreed Orally That Mike Would Tutor Ike