A contract that has been fully performed on both sides is called a(n)________ contract.
A) void
B) executed
C) executory
D) implied-in-law

Question

Quizplus · Accepted Answer

An executed contract is one that has been fully performed on both sides, meaning that all obligations under the contract have been fulfilled. Void contracts are not valid from the beginning, executory contracts are still ongoing, and implied-in-law contracts (also known as quasi-contracts) are not actual contracts but are legal remedies imposed by courts to prevent unjust enrichment.

A Contract That Has Been Fully Performed on Both Sides