An Executed Contract Is One Where

question 14

Multiple Choice

An executed contract is one where:

• A)one or both parties could face prison sentences for a breach of the contract.
• B)both parties have performed their contractual obligations.
• C)one party is responsible for completing the necessary documentation.
• D)both parties sign,seal and deliver the written documents.

---

Definitions:

Great Depression

A prolonged period of economic downturn during the 1930s, marked by high unemployment, deflation, and a significant reduction in global trade.

Recovery

The phase in the economic cycle where output and employment grow following a recession, leading to increased economic activity.

Industrial Plant Intact

An industrial plant intact refers to a manufacturing or processing facility that remains fully operational, undamaged, and capable of continuing its production activities without interruption.

Stock

Financial instruments that represent ownership in a company or a corporation, entitling the shareholder to a proportion of its profits.