Which of the Following Is an Example of an Executory

question 108

Multiple Choice

Which of the following is an example of an executory contract?

• A)A warranty obligation on a product sold.
• B)Interest accrued on an outstanding loan.
• C)An agreement to purchase inventory next month.
• D)The purchase of goods from a supplier.

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Definitions:

Abstract Class

A class that cannot be instantiated and is designed to be subclassed, often containing one or more abstract methods which must be implemented by subclasses.

Inner Class

A class defined within another class in Java, useful for logically grouping classes that are only used in one place, improving encapsulation.

Non Static Members

Elements of a class that are specific to each instance and not shared across instances, unlike static members.

Static

A keyword in programming that indicates a member belongs to the class, rather than instances of it, often used for methods and variables.