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The contract between Laura and Nellie is executed and implied.
In the field of business, an executed contract can be described as a kind of contract that has been finalized. All the terms of this contract have been agreed by the parties in the contract and signed by them.
In the field of business, an implied contract is a contract that creates a legal binding amongst the parties of the contract.
In the scenario above, as the prices and everything is fixed by Laura and Nellie, hence their contract is executed and implied.
Although a part of your question is missing, you might be referring to this question:
Laura is buying Nellie's house, horse barn, and three horses. The price they agreed to, after negotiation, is $250,000. this contract is and .
-illusory, implied
-express, bilateral
-executed, implied
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