When a party has fulfilled their contractual obligations, the contract is said to be?

When a party has fulfilled their contractual obligations, the contract is referred to as executed. This term signifies that both parties have completed the terms set forth in the agreement, and the contract is now fully performed. In legal terminology, an executed contract indicates that all the promised actions—whether it be the delivery of goods, provision of services, or payment—have been carried out as stipulated.

Other options, though related to contracts, do not accurately describe the state of a contract in which obligations have been fulfilled. For instance, "breach" denotes a failure to meet these obligations, while "ended" could imply a variety of circumstances not specific to fulfillment. "Completed" might seem similar, but in legal terms, "executed" is the precise language used to indicate the fulfillment of the contract. Thus, the use of "executed" captures the complete and formal conclusion of all contractual duties.