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Unformatted text preview: ontract. 23.
d. A contract under which one or both parties have not as yet fully performed is termed a(n):
executed contract. 24.
25. A contract wherein the obligation to perform that contract is based upon the happening of a
specified event, even if the specified event may never occur, is an example of
an illusory contract.
a requirement contract.
a conditional contract.
an invalid and unenforceable contract. a.
d. A contract which contains a clause which excuses one party from liability for his/her negligent
restraint of trade.
d. A contract which requires a buyer to purchase all that he needs from a seller is
an exclusive dealing agreement.
d. A contract which requires an offeree to perform an “act” instead of a promise is a(n)
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