The complete question is, Jay tells Kim that he will buy her law book from last semester for $80. Kim agrees. Jay and Kim have a. an express contract. b. an implied-in-fact contract. c. an implied-in-law contract. d. a quasi contract.
Answer: a. an express contract
Understanding Jay and Kim's Express Contract
An express contract is a type of contract where the parties explicitly state the terms and conditions of their agreement, either verbally or in writing. In this case, Jay told Kim that he would buy her law book from the last semester for $80, and Kim agreed to the offer. By agreeing to the specific terms stated by Jay, they formed an express contract.
Key Points:
- Jay offered to buy Kim's law book for $80.
- Kim accepted the offer.
- The terms of the agreement were clearly communicated between Jay and Kim.
Therefore, based on the given scenario, Jay and Kim have an express contract.