Alabama Real Estate Practice Exam

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Master your Alabama real estate exam with our comprehensive practice test. Tailored feedback, expert tips, and up-to-date questions to ensure your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is an executory contract?

A contract that has been fully completed
A contract that is still in process
A contract that cannot be enforced by law
A contract without any terms or conditions

The correct answer is: A contract that is still in process

An executory contract is a contract that is still in process and has yet to be fully completed. Option A is incorrect because an executory contract is still ongoing and not yet completed. Option C is incorrect because all contracts can be enforced by law, including executory contracts. Option D is incorrect because all contracts have terms and conditions, including executory contracts.