Whether it is executed or executory

Assignment Help Management Theories

Reference no: EM131378650

Peters entered into a contract to purchase Dowling's business. The following terms were agreed to:

(a) Peters would take over all of Dowling's executory contracts,

(b) Peters would purchase Dowling's tools at an agreed-to price,

(d) Dowling would remain as a consultant to the new firm for a period of five years.

Analyze each part of this contract and classify each term according to whether it is executed or executory.

Wagstaff v. Peters, 453 P.2d 120 (KS).

Reference no: EM131378650

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