The basic distinction between an executory contract and an executed contract is that what a one is enforceable the other is not b only one promise is involved in an executory contract C one is legal the other is not or D all parties have fulfilled their obligations and an executed contract
The correct answer is: D all parties have fulfilled their obligations in an executed contract.
An executory contract is a contract where one or more parties still have obligations to fulfill, while an executed contract is a contract where all parties have fulfilled their obligations.