Draft a contract for the sale of a 2020 Honda Accord LX in Macon, Georgia between buyer, John Smith, and Seller, Sarah Carter.

1. Be sure to describe the term of the contract (with references to possible early terminations and extensions, if applicable).
2. Identify Closing Date with time and place as well
3. Include Subject matter performance provision (parties covenant to perform the main subject matter of the contract)
4. Utilize contract concepts within each topic (NOTE: Do not use contract concepts as headings. Use topic headings, with appropriate sub-topics.)
5. Within each topic, translate business terms into contract concepts: Covenants Representations and Warranties Conditions Precedent Discretionary Authority