alleryIn an 'executed' contract:
ABoth parties have still to perform their promises
BConsideration on both sides has already been performed
COne party has performed and the other has not
DThe consideration is unlawful
Answer & Solution
Correct answer: B. Consideration on both sides has already been performed
In an executed contract the act forming the consideration has been done by the parties, e.g. a cash sale where goods and price are exchanged at once.
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