Question

Cal Contractor did extensive work renovating Hailey Homeowner's kitchen. The construction work has been completely finished, but Hailey has not yet paid Cal. This is an example of a partially executed contract.1. True2. False

Answer 1

Answer: The answer is TRUE. This is an example of a partially executed contract.

Explanation:

A partially executed contract is a contract in which one party has met the terms of the contract while the other has not.

This simply means one party has performed their duties as stipulated by the contract while the other party has not performed or has only performed a part of their duties.