A Contract That Has Been Fully Performed on Both Sides

question 68

Multiple Choice

A contract that has been fully performed on both sides is called an ________ contract.

• A) executory
• B) executed
• C) option
• D) executive

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Definitions:

Public Choice Theory

A framework that applies economic principles to political processes, understanding government behavior through the lens of economic incentives and human behavior.

Government-Owned Companies

Businesses that are owned and operated by the government rather than private individuals or organizations.

Health and Safety Laws

Regulations and standards designed to prevent accidents and injuries in the workplace, ensuring a safe working environment.

Private Companies

Businesses owned by individuals or groups not traded on public stock exchanges, often characterized by private ownership and restrictions on share transfers.