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Contracts can be divided into different categories such as executory and executed. Which of the following are examples of executed contracts? Choose two answers.Question 3

Contracts can be divided into different categories such as executory and executed. Which of the following are examples of executed contracts? Choose two answers.Question 3 Answera.Itzel is a celebrity, and Kaliah owns a publishing house. Kaliah believes Itzel has an interesting life story that would make a great memoir. Kaliah asks Itzel to write her memoir for publishing by Kaliahs publishing house. Kaliah offers to pay Itzel $500,000 for her memoir because Kaliah believes it will sell well. Itzel agrees to write her memoir for $500,000 to be published by Kaliahs publishing house, and delivers her completed manuscript to Kaliah six months later after cashing Kaliahs check for $500,000.b.Lyndsay and Rich enter into a contract where Rich will deliver 100 microchips to Lyndsay on the 1st of the month and Lyndsay will pay Rich on the 5th of the month. On the 1st, Rich delivers the 100 microchips to Lyndsay.c.Jonathan and Jada are selling their home and have an open house. Kalene and Ryan view the house and love it, so they make a purchase offer immediately. Jonathan and Jada accept the purchase offer and six months later, Kalene and Ryan close on Jonathan and Jadas house.d.Tyler and Ella agree that Ella will buy Tylers car for $10,000 after Tyler replaces the front fender. Tyler takes his car to a mechanic and leaves it overnight so the mechanic can replace his fender.

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