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:

Life Cycle

The stages of development and growth through which an entity passes from its inception to its termination or culminating point.

Entrepreneurial Organisations

Businesses that are primarily focused on innovation, risk-taking, and proactive strategies to seize market opportunities.

Growth Stage

Represents a phase in the lifecycle of a business or product characterized by rapid revenue and customer base expansion, often accompanied by increasing operational complexities.

First-mover Advantage

The competitive edge gained by a company that first introduces a product or service to the market, capitalizing on the opportunities before others.