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Tate Enters into a Contract with Smith Under the Terms

Question 68

Multiple Choice

Tate enters into a contract with Smith under the terms of which Smith is to pay Tate $7,000 and Tate is to build a garage,repair a boat,and build a doghouse.If the doghouse has not yet been built,which term describes the type of contract in existence?


A) Quasi contract
B) Executed contract
C) Illusory contract
D) Executory contract

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