Answer :
The example that is NOT a contract among the options provided is borrowing lunch money. Borrowing lunch money is not typically considered a formal contract because it lacks the essential elements of a legally binding agreement. In this scenario, there is usually no clear offer, acceptance, consideration, or intention to create legal relations between the individuals involved. It's more of a casual arrangement rather than a structured contract.
On the other hand, a credit card, rental, and lease are examples of contracts. When you use a credit card, you enter into a contract with the credit card company, agreeing to repay any charges made using the card. A rental agreement involves a contract between a landlord and a tenant outlining the terms of renting a property. A lease is a legal contract that sets out the terms and conditions of renting a property for a specific period.
In summary, borrowing lunch money does not involve the formalities and legal implications typically associated with contracts, unlike credit cards, rentals, and leases, which have specific terms and legal implications.
On the other hand, a credit card, rental, and lease are examples of contracts. When you use a credit card, you enter into a contract with the credit card company, agreeing to repay any charges made using the card. A rental agreement involves a contract between a landlord and a tenant outlining the terms of renting a property. A lease is a legal contract that sets out the terms and conditions of renting a property for a specific period.
In summary, borrowing lunch money does not involve the formalities and legal implications typically associated with contracts, unlike credit cards, rentals, and leases, which have specific terms and legal implications.