Catching a Taxi Is an Example of This Type of Contract

question 3

Multiple Choice

Catching a taxi is an example of this type of contract.

• A)A Quasi-contract.
• B)An executed contract.
• C)An implied contract.
• D)An express contract.

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Definitions:

Deposit

A sum of money placed into a bank account or given as initial payment or security for the purchase of an item.

Compounded Daily

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a daily basis.

Interest

The cost of borrowing money or the return on investment for lending money, determined as a percentage of the principal amount.

Desired Amount

The specific sum of money or financial goal an individual or entity aims to achieve.