Specific Tangible Actions That Can Be Carried Out and Observed

question 11

Short Answer

Specific tangible actions that can be carried out and observed on a short-term basis

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Definitions:

Executory Contracts

Agreements between parties that have yet to be fully performed or executed by one or more of the parties involved.

Conditional

Dependent on certain conditions or requirements being met before full effect or enforcement.

Partial Performance

An exception to the statute of frauds in which the performance of portions of an unwritten agreement by one or both parties can constitute proof that an oral contract exists between the parties.

Significant Performance

A legal concept in contract law indicating that a party has fulfilled enough of its contractual obligations to warrant payment.