Multiple choice Executed & executory contract (which statement best describes EACH) Nothing remains to be done; contract needs future action Contract needs future action; nothing remains to be done Agreed terms in writing; not signed Agreed terms terms; signed by one party Reveal answer Fill a bubble to check yourself A Correct answer Explanation An executed contract is one in which all parties have fully performed their obligations, meaning nothing remains to be done. An executory contract is one where some future performance or action is still required by one or more parties.