A case where obligations by both the parties has been done
A properly written and executed agreement is called a contract. A contract that has been executed has been signed or possibly notarized.
Contract to sell is an executory contract while contract of sale is an executed contract.
In admeasurment contract the value of work executed is determined by measered quantity of work executed multiplied by the unit rate.
"Executed contract" can have two meanings.It can mean a contract has been properly signed and witnessed so as to make it enforceable by both parties.It can mean that all the terms of a contract have been carried out.
An executed contract is a contract that has been completed. All parties have signed and its all done and closed. Executory is one that is almost done, but they are waiting on for example: Money!
If the parties haven't executed a contract signed by both parties then you are not "under contract".
Upon both the buyer and the seller signing the contract.
Contract must be properly signed and witnessed as to make it enforceable to all parties
That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.
example of a situation in which a contract has become truly impossible to perform
NO, a contract is considered executed if there is already a meeting of the mind. Both party should have agreed on the contents of the letter and to solidify their agreement both should have indicated their signature on the contract. Having a copy of the duly executed contract will evidence that the other party have agreed on the contents thereof.
You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.