Question 21

The sale contract is executed.

The sale contract is executed because the broker successfully sold the property within the timeframe established by the listing agreement, indicating that all parties have fulfilled their obligations in the sale process.

A) with closing to be in 45 days. Both listing and sale contracts are

This option is incomplete and does not provide a clear statement regarding the status of the contracts. While it mentions a closing timeframe, it fails to address whether the contracts are executed, voidable, or any other legal status.

B) fulfilled.

While "fulfilled" suggests that the terms of the contract have been met, it is not the correct legal terminology in this context. The term "executed" more accurately describes the completion of a contract, indicating that all parties have performed their duties as specified.

C) executed.

This option is correct because the term "executed" means that both the listing and sale contracts have been fully completed. Since the broker sold the property promptly after listing it, all contractual obligations have been satisfied, confirming that the sale is legally binding.

D) voidable.

This option is incorrect because "voidable" refers to contracts that may be canceled by one party due to certain circumstances, such as lack of capacity or consent. In this scenario, the heir will soon be of legal age, and the sale has already occurred, thus making the contract binding rather than voidable.

E) executory.

This option is incorrect because "executory" describes contracts in which some obligations remain to be fulfilled. Since the sale has been completed, the contracts are no longer in an executory state.

Conclusion

The correct answer is "executed" because it accurately reflects that the sale contract has been fully performed, with both parties having met their contractual obligations. Other options either misrepresent the status of the contracts or are incomplete, failing to convey the legal implications of the transactions involved.