Question:
Which is the term used for a contract where both the parties to the contract have fulfilled their obligations under the contract?
Which is the term used for a contract where both the parties to the contract have fulfilled their obligations under the contract?
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Executed contracts are “fully performed” contracts.
Updated On: Sep 18, 2025
- Executed Contract
- Unilateral Contract
- Reciprocal contract
- Quasi Contract
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The Correct Option is A
Solution and Explanation
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
- Executed: obligations completed by both parties
- Unilateral: one party makes promise
- Reciprocal: mutual obligations, may not be fulfilled
- Quasi: imposed by law
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