Erin goes into Great Buy Electronics store and purchases a TV.She agrees to pay for the TV in 30 days on the store's "30 days same as cash" plan.This is an executed contract.

Question

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An executed contract is one where all parties have fulfilled their obligations. In this case, Erin has not yet paid for the TV, so the contract is executory, not executed.

Erin Goes into Great Buy Electronics Store and Purchases a TV.She