Definition: A contract in which one or both parties have not yet performed some condition.
Pronunciation: \ig-ˈze-k(y)ə-ˌtȯr-ē\ \ˈkän-ˌtrakt\
Used in a Sentence: It was considered an executory contract because the buyer had not yet signed it.
Definition: A contract in which one or both parties have not yet performed some condition.
Pronunciation: \ig-ˈze-k(y)ə-ˌtȯr-ē\ \ˈkän-ˌtrakt\
Used in a Sentence: It was considered an executory contract because the buyer had not yet signed it.