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:"

Answer 1

Answer:

Jamie and Carmen have an Agreement

Explanation:

An Agreement is any statement or contract that is made between two ormore parties.

Answer 2

Answer: Jamie and Carmen have a business agreement

Explanation:

Agreement generally means the act of coming to/reaching a mutual or common position, arrangement, decision or conclusion. In business, an agreement is a statement formed between business parties which can either be written or oral and is very much an exchange of promises amongst the parties in question.

Agreements can be applied in almost all aspects of business practices such as hiring, trade, partnership, acquisitions ( just as in y case of Jamie and Carmen) and so on.

Since Carmen's camry has been driven 24000 miles and Jamie still feels that the car is worth his 12 thousand dollars nevertheless since the car is without mechanical problems. We can confidently conclude that Jamie and Carmen now have a business agreement