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. Bo and Capri have
A) no contract.
B) an express contract.
C) an implied contract.
D) a simple contract.

Question

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. Bo and Capri have
A) ​no contract.
B) ​an express contract.
C) ​an implied contract.
D) ​a simple contract.

Quizplus · Accepted Answer

Bo and Capri have entered into an express contract because they have clearly stated the terms of their agreement in the lease. It is signed by both parties and includes the essential elements of a contract (offer, acceptance, consideration).

Bo Signs a Lease with Capri Apartments to Lease a Studio