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An Executed Contract Is One That Has Been Fully Performed

question 9

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An executed contract is one that has been fully performed.


Definitions:

Compensation

Payment or reward given to someone in exchange for their services or for loss or suffering.

Articles of Partnership

A legal document that outlines the rights, responsibilities, and contributions of each partner in a business partnership.

Executor

The person appointed in a will to administer the deceased's estate, ensuring that debts are paid and the remaining assets are distributed according to the will.

Mortuary

A facility or establishment that prepares the deceased for burial or cremation and often holds funerals or memorial services.

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