The contract is executory because the obligations of the parties have not yet been fully performed; the closing, where title is transferred and payment is made, is still two weeks away. The contract is voidable because one of the parties, Trystan, is a minor (17 years old). Under Virginia law, a contract entered into by a minor for non-necessaries, such as real estate, is not automatically void but can be disaffirmed (voided) by the minor before reaching the age of majority or within a reasonable time thereafter. The adult party, Nia, remains bound if the minor chooses to enforce the contract.

A. executed and voidable: The contract is not executed because the parties have not yet fulfilled their obligations; closing has not occurred.

B. executory and void: The contract is not void. A void contract has no legal effect from its inception, whereas this contract is valid unless the minor chooses to disaffirm it.

D. executed and void: The contract is incorrect on both counts; it is executory (not executed) and voidable (not void).

1. Code of Virginia, Title 1, Chapter 2, § 1-204. Age of majority. This statute establishes the age of majority in Virginia as eighteen years. Trystan, at 17, is legally a minor, which grants him the capacity to void certain contracts.

2. Restatement (Second) of Contracts § 14 (1981). Published by the American Law Institute and widely adopted in U.S. jurisprudence, this section states, "Unless a statute provides otherwise, a natural person has the capacity to incur only voidable contractual duties until the beginning of the day before the person's eighteenth birthday." This principle is a cornerstone of contract law taught in university law programs.

3. George Mason University, School of Business, Virginia Real Estate Practice & Law, 10th Ed. In the chapter on "Contracts," the text clarifies the essential elements of a valid contract, including legally competent parties. It specifies that contracts with minors are generally voidable by the minor party, distinguishing this from void contracts. (e.g., Chapter 9, "Contract Validity").