Alabama Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is an executory contract?

A contract that has been fully completed

A contract that is still in process

An executory contract is a contract that is still in process and has yet to be fully completed. Option A is incorrect because an executory contract is still ongoing and not yet completed. Option C is incorrect because all contracts can be enforced by law, including executory contracts. Option D is incorrect because all contracts have terms and conditions, including executory contracts.

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A contract that cannot be enforced by law

A contract without any terms or conditions

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