Barette and Julianna Agree in Writing to Buy and Sell

Multiple Choice

Barette and Julianna agree in writing to buy and sell a piece of property. All the terms are completed except that Julianna has not paid the required $50,000 purchase price. What type of contract is this?

A) Executed and implied
B) Formal and executory
C) Informal and executed
D) Formal and executed
E) Informal and executory