The contract is to be performed at a subsequent date, and constitutes an executory contract. |
Normal purchases and normal sales are exempt from the application of the standard and are accounted for as executory contracts. |
In the US, for example, it is possible for a debtor to reject executory contracts of an insolvent company. |
A plan of Favouritism for our executory Government is essentially at variance with the plan of our Legislature. |
A declaratory judgment is binding but is distinguished from other judgments or court opinions in that it lacks an executory process. |
A contract is an executory contract if its completion depends on the performance of one of the terms of the contract at some time in the future. |