Elizabeth signs a contract to purchase a new car from Quickcash Motors.She has not yet paid for the car,and Quickcash Motors has not yet delivered the car to Elizabeth.This is an example of a(n)________ contract.
A)unenforceable
B)executory
C)void
D)executed

Question

Quizplus · Accepted Answer

An executory contract is a contract that has not yet been fully performed by either party. In this case, Elizabeth has not paid for the car and Quickcash Motors has not delivered the car, so the contract is still in the process of being executed.

Elizabeth Signs a Contract to Purchase a New Car from Quickcash