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The factor that could prevent the contract from being executed if legal consequences arise is a lack of mutual understanding. When parties enter into a contract, it is essential that they both fully comprehend the terms, conditions, and obligations expressed in the agreement. Mutual understanding ensures that both parties have a shared perspective on what is expected, thereby minimizing the potential for confusion or disputes later on.

If there is a lack of mutual understanding, one or both parties may interpret the terms differently, leading to conflicting expectations. This discrepancy can result in challenges when attempting to enforce the contract, as legal systems typically require contracts to be clear and agreed upon by all parties involved. A misunderstanding might also hint at the potential for misrepresentation or even fraud, further complicating legal enforcement.

While verbal agreements can be legally binding under certain circumstances, they may lack the clarity that a written contract provides. Non-payment by Bill is merely a consequence of a possible breach of contract rather than a fundamental barrier to execution. Lastly, both parties being unaware of the law indicates a lack of knowledge but doesn't directly affect the mutual understanding necessary for executing a contract.