How can a signed contract still be executory?
Staff Q&A from the 63Hours team.
Ask clear questions about the Florida real estate course and learn from course-specific answers.
How can a signed contract still be executory?
Staff Q&A from the 63Hours team.
Signed and fully performed describe different things. Executory means an obligation remains, such as paying the price or transferring title at closing. Executed, when used as a contract classification, means performance is complete. People also say a document was executed to mean signed, so read how the word is being used in the question.
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Discussion prompt: Are you being asked about signatures or unfinished performance?