An executed contract is one in which
Question and options
An executed contract is one in which
- Both parties have fully performed
- One party has performed his part
- Both parties have yet to perform their parts
- None of the given options is correct
Answer and explanation
Correct answer: A - Both parties have fully performed
An executed contract is one in which both parties have fully performed their obligations, so nothing remains to be done on either side. Where both parties have yet to perform, the contract is executory, and where only one party has performed, it is partly executed and partly executory.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
CUSAT CAT LLM
-
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Supreme Court Law Clerk and Research Associate
Subject revision
-
Bihar Judicial Services
Subject revision
-
Uttarakhand Judicial Services
Subject revision
Related question papers
Related exam syllabi
More solved explanations in Performance of contracts
- Under which Section of the Indian Contract Act, 1872 the promisee may dispense with or remit performance of promise?
- Before the due date, a promisor unequivocally refuses to perform the promise in its entirety. What is this called?
- The reciprocal promises provide for doing certain things which are legal and certain others which are illegal. In view of the provisions of Section 57 of the…
- Under the Indian Contract Act, 1872, where persons reciprocally promise, firstly to do certain things which are legal, and, secondly under specified circumstances,…
- A, a singer, enters into a contract with B, the manager of a theatre, to sing at his theatre two nights every week during the following two months, and B agrees to…