What does an executed contract indicate about tasks?

An executed contract signifies that all parties involved have fulfilled their obligations as outlined in the agreement. This means that the tasks specified in the contract have been fully performed, leading to the completion of the contract. When someone refers to a contract as "executed," it indicates that there are no remaining tasks to be completed by either party; everything has been carried out as per the terms set forth in the agreement.

In contrast, an executed contract does not leave room for tasks that are merely implied, nor does it suggest that any unilateral actions are relevant at this stage, as all obligations have been understood and agreed upon previously. It also rules out any notion of tasks yet to be completed, since the essence of execution is the fulfillment of all agreed responsibilities. Thus, the selection reflecting that tasks have been fully performed is the most accurate representation of an executed contract's implications.