June is a hair stylist who wants to open her own business. Though June has absolutely no
Question:
June is a hair stylist who wants to open her own business. Though June has absolutely no experience in the business world, she is determined to succeed. June begins negotiations with a landlord to lease appropriate space for her new salon. The landlord insists that he will only enter into a lease with June if June’s parents also agree to co-sign the lease, making them responsible should June default on her rent obligations. June and her parents agree, thinking that such a provision must be a standard requirement of leases. June has since learned that the newest tenant in the building has secured a lease with the landlord but did not have to produce a co-signer. June is certain that the landlord has taken advantage of her naiveté. What are the pros and cons of June’s inexperience being a legal basis for getting the contract set aside?
Step by Step Answer:
Canadian Business And The Law
ISBN: 9780176795085
7th Edition
Authors: Philip King Dorothy Duplessis, Shannon O Byrne