Bo signs a lease with Capri Apartments to lease a studio apartment for the next year for $650 per month. Daisy signs on Capri's behalf as their agent. Bo and Capri have executed a(n)
A)no contract.
B)an express contract.
C)an implied contract.
D)a simple contract.

Question

Quizplus · Accepted Answer

An express contract is one where the terms are clearly stated, either orally or in writing. In this case, Bo and Capri Apartments have a clear agreement with specified terms for leasing the apartment, making it an express contract.

Bo Signs a Lease with Capri Apartments to Lease a Studio