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

Question

Business

Evelin Blackwell

12 October, 08:35

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

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Answers (2)

Know the Answer?

Grant Maddox · Answer 1

a. an express contract

b. no contract

c. a simple contract

d. an implied contract

Answer:

a. an express contract

Explanation:

- An express contract is a contract in which a voluntarily agreement is made between parties and it is specifically outlined orally or in written form.

-A simple contract is an agreement between parties that is in oral or written form and it requires that there is value provided by one party in exchange for something to be valid.

-An implied contract is when there is no contract between parties but there is a legal obligation that is created based on their actions.

According to this, Bo and Capri have an express contract as there was an agreement between both parties in which they signed a lease that has all the conditions.

Zaniyah Roberts · Answer 2

Bo and Capri have " an express contract".

Explanation:

When you exchange the promises and legally bind your contract either orally or in written form, this type of contract is known as express contract. when you are going to sign that contract, you and the other party must accept the offer and all the terms of the offer are clearly stated in the contract.