Judy promises to pay Ashley $50 to babysit her children. After Ashley babysits the children, Judy pays Ashley the $50; thus each party has completed performance of each part of the contract. This is an example of a(n):

Question

Judy promises to pay Ashley $50 to babysit her children.   After Ashley babysits the children, Judy pays Ashley the $50; thus each party has completed performance of each part of the contract. This is an example of a(n):

Quizplus · Accepted Answer

An executed contract is one in which both parties have fulfilled their contractual obligations, as illustrated by Judy paying Ashley after the babysitting services were provided.

Judy Promises to Pay Ashley $50 to Babysit Her Children