can anyone please tell . what is difference between Executed Contract & Executory contract.

Question

Answer

executed contract is a contract in which the performance of contract is done and executory contract is a contract in which the performance of contract is yet to be done like agreement to sale

Answer

where consideration is given by doing any  act  or forbearance by both parties is executed.where something is to be done or obligations  r said to be outstanding on both parties,it is executory.

Answer

Executed is the contract which is completed Executory is under work means not yet completed bt on the way to be completed.

Answer

And Executory Contract?

An executed contract is a legal agreement that has been fully performed by all parties involved. This means that all obligations outlined in the contract have been fulfilled and each party has received what they were entitled to. For example, if a person signs a contract to purchase a car and pays the full amount, and the seller delivers the car, the contract is considered executed.

On the other hand, an executory contract is a legal agreement where one or more parties have yet to fulfill their obligations. In other words, the contract is still in progress and not yet fully performed. For example, if a person signs a contract to purchase a car but has not yet received the car or made the full payment, the contract is considered executory.

In summary, the main difference between an executed contract and an executory contract is the stage of fulfillment of the obligations outlined in the agreement.

Similar Quant Doubts

The difference between the simple interest received from two different sources on Rs 1500 for 3 years is Rs 13.50. The difference between their rates of interest is

Can anyone helps me in integraion?

Profit is maximum when MC=MR Can anyone explain how?

What is difference between a event and a tranzaction.

Top Courses for Quant

Related Content

Quant Courses

Related Exams

Related Question Answers

Related Searches

Company