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"Executed contract" can have two meanings.
- It can mean a contract has been properly signed and witnessed so as to make it enforceable by both parties.
- It can mean that all the terms of a contract have been carried out.
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∙ 13y ago
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When is full execution of a contract?
There are two meanings for a fully executed contract: 1.) When signed by both parties. 2.) When the contract has been fully performed by both parties.
What is a properly executed written agreement?
A properly written and executed agreement is called a contract. A contract that has been executed has been signed or possibly notarized.
Can you distinguished Contract of Sale from contract to sell?
Contract to sell is an executory contract while contract of sale is an executed contract.
What is an admeasurement contract?
In admeasurment contract the value of work executed is determined by measered quantity of work executed multiplied by the unit rate.
Difference between executed and executing contracts?
An executed contract is a contract that has been completed. All parties have signed and its all done and closed. Executory is one that is almost done, but they are waiting on for example: Money!
Are you under contract in real estate with no document?
If the parties haven't executed a contract signed by both parties then you are not "under contract".
When is a contract for real estate considered executed?
Upon both the buyer and the seller signing the contract.
How must a sealed contract be executed?
Contract must be properly signed and witnessed as to make it enforceable to all parties
What is executed contract?
A case where obligations by both the parties has been done
What is a foreclosure under contract?
That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.
An executed contract is one that has been fully performed?
example of a situation in which a contract has become truly impossible to perform
Is a contract considered executed if it is signed by one party and mailed to the other party for signature and then never returned to the original party with both signatures?
NO, a contract is considered executed if there is already a meeting of the mind. Both party should have agreed on the contents of the letter and to solidify their agreement both should have indicated their signature on the contract. Having a copy of the duly executed contract will evidence that the other party have agreed on the contents thereof.
