An Executory Contract Is

question 11

Multiple Choice

An executory contract is:

• A) void if neither party has performed.
• B) voidable.
• C) entered into but not fully performed.
• D) always unilateral in nature.

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Definitions:

Lex Mercatoria

A body of commercial law and customs used by merchants throughout Europe during the medieval period, which still influences international trade law today.

Law of Merchants

Historical body of law originating from the practices of merchants and traders dealing with questions of commerce and trade.

Trade Agreements

Contracts between states or countries governing the terms of trade between them, which may include tariffs, trade quotas, and other trade-related provisions.

U.S. and Mexico

Refers to the geopolitical, economic, and cultural relationship between the United States of America and Mexico.