Which of the following describes a legally binding agreement that has been properly executed?

A legally binding agreement that has been properly executed is referred to as valid. A valid contract meets all legal requirements, including offer, acceptance, consideration, and the capacity of parties to consent. When these components are satisfied and the agreement is executed correctly, it becomes enforceable in a court of law, allowing the parties to evoke their rights and obligations as outlined in the contract.

Probate pertains to the legal process of administering the estate of a deceased person, which is unrelated to the concept of contract validity. Void describes agreements that lack legal force from the beginning due to reasons such as illegality or lack of essential elements. Voidable refers to agreements that are initially valid but can be declared unenforceable at the discretion of one party, usually due to factors like misrepresentation or undue influence. However, until such a declaration is made, a voidable agreement remains valid.