A contract has been signed, but title has not yet passed. The contract is?

In real estate terminology, a contract is referred to as "executory" when it has been signed but the obligations outlined in the contract have not yet been completed, which includes the transfer of title. The term "executory" indicates that there are still actions left to fulfill by one or both parties before the contract can be fully executed, meaning all terms have been completed and the title has been transferred.

In this situation, since the contract has been signed but the title has not passed, it highlights that the process of completing the transaction is still underway. This understanding is essential for stakeholders in a real estate transaction, such as buyers and sellers, as it reflects the current status of their agreement and the work that remains to finalize the deal.

The other options focus on different aspects of contracts or rights. For instance, "executed" would imply that all terms have been fulfilled and title has indeed passed. "Recorded" refers to the act of officially entering documents related to a property into public records, which is not the case here. "Estopped" pertains to a legal principle that prevents someone from arguing something contrary to an established fact, which does not apply to the defined status of the contract at this stage. Thus, the characterization of the contract