A contract in which terms have not been fully performed by all parties is described as:

• A. Executed
• B. Breach
• C. Executory
• D. Void

Answer: (C)

When some terms remain to be performed by the parties, the contract is in an executory state. That means obligations still exist and the agreement isn’t fully carried out yet. Only after all promises are fulfilled does it become executed. A contract being void would mean it’s unenforceable from the start, not simply incomplete performance. A breach refers to someone failing to perform, which can happen during an executory contract but doesn’t define its status. For example, a service agreement that requires several deliverables over time is executory until the last deliverable is completed.