Bilbo signs a lease agreement for an apartment with Cato, who owns and manages the Deer Creek Apartments complex.These parties have

Question

Quizplus · Accepted Answer

Bilbo and Cato have signed a lease agreement, which is a written agreement that explicitly states the terms and conditions of their agreement. An express contract is a contract in which the terms are explicitly stated, either orally or in writing. Therefore, the situation described in the question fits the definition of an express contract.

Bilbo Signs a Lease Agreement for an Apartment with Cato