Contracts for the purchase and sale of goods are essentially bilateral and non-executory in nature.

Name: Contracts for the purchase and sale of goods are essentially bilateral and non-executory in nature.
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Contracts for the purchase and sale of goods are typically executed, meaning that both parties have performed their obligations and the transaction is complete. However, in some cases, the contract may be bilateral, meaning that both parties have yet to perform their obligations.

Contracts for the Purchase and Sale of Goods Are Essentially