Samuel Tate Enters into a Contract with Bill Smith Under

question 58

Multiple Choice

Samuel Tate enters into a contract with Bill Smith under the terms of which Smith is to pay Tate $7,000 and Tate is to build a garage, repair a boat, and build a doghouse. If the doghouse has not yet been built, which term describes the type of contract in existence?

• A) Quasi contract.
• B) Executed contract.
• C) Illusory contract.
• D) Executory contract.