Question

A contract would be considered executed when:

A. the deed has been delivered and accepted
B. all contract terms have been satisfied
C. the deed has been recorded
D. the deed has been acknowledged

Answer 1

A contract is considered executed when all terms have been satisfied, indicating that both parties have fulfilled their obligations.

Step-by-step explanation:

A contract would be considered executed when all contract terms have been satisfied. This means that both parties to the contract have fulfilled their respective obligations as outlined in the contract agreement. An executed contract signifies the completion of the contractual duties or promises that have been agreed upon by all involved parties.

Delivery and acceptance of a deed are necessary for the transfer of real property, but do not alone make a contract executed. Recording the deed is important for public notice of ownership, while having the deed acknowledged refers to a formal declaration that the deed is executed voluntarily, typically needed before recording.

These steps are part of the process but do not define an executed contract by themselves. The correct answer is B. all contract terms have been satisfied.