Executed Contract In Spanish
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FAQ
First, when a contract is said to be fully executed, it means that all parties to the agreement have fully performed their obligations, or that all of the terms and conditions of the contract have been fulfilled in their entirety.
A sales agreement for an appliance, for example, would be an executed contract. Once the contract has been entered into, the appliance will be delivered immediately. A good example of an executory contract would be a contract with a home builder to construct a house.
First, when a contract is said to be fully executed, it means that all parties to the agreement have fully performed their obligations, or that all of the terms and conditions of the contract have been fulfilled in their entirety.
Fully Executed contractThere is an offer.The offer is accepted.There is a consideration.The object of the contract is legal.The parties signing have legal capacity.
When a person "executes" a document, he or she signs it with the proper "formalities". For example: If there is a legal requirement that the signature on the document be witnessed, the person executes the document by signing it in the presence of the required number of witnesses.
