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erik [133]
3 years ago
12

Executory Contract

Business
1 answer:
KIM [24]3 years ago
8 0

Answer:

No.

Explanation:

Executory contracts are ones in which contract has not been fully executed and the performance is remaining according to agreement. Both parties are liable to complete their obligations as agreed in executory contract. In this case Record Company and Bummbusiness has entered into an agreement and has formed executory contract. Record company has filed Bankruptcy just after the store opening. The company cannot reject the purchase agreement as there are important obligations which need to be performed according to the contract.

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