31 C.F.R. § 575.326   Executory contract.


Title 31 - Money and Finance: Treasury


Title 31: Money and Finance: Treasury
PART 575—IRAQI SANCTIONS REGULATIONS
Subpart C—General Definitions

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§ 575.326   Executory contract.

The term executory contract means a contract which cannot be performed according to its terms until a stated condition has been fulfilled, such as a contract which requires the approval of a regulatory body before the contracting parties may begin performance.

[61 FR 36628, July 12, 1996]

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