Flo tells Gregor that she will buy his textbook from last semester for $65. Gregor agrees. Flo and Gregor have
A) an executed contract.
B) an express contract.
C) an implied-in-fact contract.
D) a quasi contract.

Question

Quizplus · Accepted Answer

An express contract is formed when the terms are stated clearly by the parties, either orally or in writing. Flo and Gregor have explicitly agreed on the sale and purchase of the textbook for $65.

Flo Tells Gregor That She Will Buy His Textbook from Last