bawl definition: To bawl is defined as to cry or wail loudly. (verb) An example of bawl is to sob loudly upon hearing bad news. ...
Consider these examples. When accepted by a vendor every PO becomes a contract, but not every contract is a PO. Some (but not all!) people view POs as a kind of one-time contract. Purchase Orders may cross-reference the terms of a negotiated contract. It's a common misconception that the level of detail in a PO is less than that of a contract.
The main difference between an executed and executory contract is how quickly the contract's promise must be fulfilled. An executed contract must be satisfied immediately, while an executor contract has terms that will be fulfilled later.