Is corret this dialogue
A: I have to go because I am meeting with a friend.
B : What time are you meeting?
A: in five minutes, so I must hurry because I am late
B: Do you want a lift?
A :Please, do! I owe you one

Question

Is corret this dialogue
A: I have to go because I am meeting with a friend.
B : What time are you meeting?
A: in five minutes, so I must hurry because I am late
B: Do you want a lift? 
A :Please, do! I owe you one

Answer

A: I have to go because I'm meeting a friend. (no 'with')
B: What time are you meeting?
A: In 5 minutes, so I must hurry because I'm late.
B: Do you want a lift?
A: Please... yes. I owe you one.

Overall, your version is excellent.

Answer

Minor correction - Is this dialogue correct ?

Yes on the whole, it is correct. The very last sentence "Please, do! I owe you one", I suggest that "Yes, please ! I owe you one" or "Please ! I owe you one" would be more often encountered.

No pierdas la oportunidad de aprender un idioma desde la comodidad de tu casa. ¡Explora nuestra selección de profesores de idiomas con experiencia e inscríbete ya en tu primera clase!