Hutz agreed to buy Goodman's piano.

Because the actual purchase was not to occur for several months, they drafted a len agreement that specified all of the rights and obligations of the parties.

They hired an attorney to review this two$-$page, single spaced document. After the attorney suggested a few changes, the document was retyped and both Hutz and Goodman signed it$.$

This contract is:

$q,$

$$ An executed contract

A bilateral contract

An informal contract

An express contract

$$ A formal contract