Question

Carmen owns a 2009 Toyota Camry that has been driven 24,000 miles and, to his knowledge, has no mechanical problems. He offers to sell the car to his friend Jamie for $12,000. Jamie accepts Carmen's offer. Jamie and Carmen have:_________.
a. an executed contract.
b. a quasi-contract.
c. an express contract.
d. an implied contract.

Answer 1

Answer:

c. an express contract.

Explanation:

Carmen owns a 2009 Toyota Camry that has been driven 24,000 miles and, to his knowledge, has no mechanical problems. He offers to sell the car to his friend Jamie for $12,000. Jamie accepts Carmen's offer. Jamie and Carmen have an express contract. An express contract is a type of contract in which whose terms of agreement have been clearly stated by the parties involved . It is unlike an implied contract in which although there are intents of agreement but the terms have not been clearly stated out. Jamie and Carmen have an express contract because Jamie is aware of the conditions of the car and the terms of sale was clearly communicated to him by Carmen and he accepted. Another example of an express contract is are purchase and sales contracts.