Question

Which is the term used for a contract where both the parties to the contract have fulfilled their obligations under the contract?

• A. Executed Contract
• B. Unilateral Contract
• C. Reciprocal contract
• D. Quasi Contract

Hint:

Executed contracts are “fully performed” contracts.

Answer 1

The Correct Option is A

Step 1: Identify contract types.
- Executed: obligations completed by both parties
- Unilateral: one party makes promise
- Reciprocal: mutual obligations, may not be fulfilled
- Quasi: imposed by law