Completing a Contract: Sue and Ellen

What is the status of the contract between Sue and Ellen?

Ellen has a contract with Sue to buy her riding lawn mower for 200. Ellen has given Sue 200 in cash, and Sue has given Ellen possession of the mower.

Answer:

The contract between Sue and Ellen has been fulfilled. Ellen has given Sue the agreed-upon amount of $200, and Sue has given Ellen possession of the riding lawn mower. At this point, both parties have performed their obligations under the contract, and the contract has been executed or completed.

Both Sue and Ellen have met the terms of their agreement by exchanging the $200 payment for the riding lawn mower. Since both parties have fulfilled their responsibilities, the contract is considered fully satisfied.

It's essential to understand that contracts are legally binding agreements between two or more parties. In this case, Sue and Ellen entered into a contract for the sale of a specific item, which was the riding lawn mower.

By exchanging the payment and possession of the mower, Sue and Ellen have completed the transaction outlined in their contract. This demonstrates that both parties have acted in good faith and have honored their obligations as agreed upon.

In conclusion, the contract between Sue and Ellen is considered fulfilled, and both parties have successfully completed the terms of their agreement. This situation highlights the importance of fulfilling contractual obligations to ensure a successful transaction.