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

Question

Quizplus · Accepted Answer

An executory contract is a type of contract where one or both parties have not yet fulfilled their obligations. In this case, Elizabeth has not yet paid for the car and Spadace Motors has not yet delivered the car, making it an executory contract.

Elizabeth Signs a Contract to Purchase a New Car from Spadace