Tatiana was looking for a BMW to lease. She went to Reston Sales and Leasing Inc and

Question:

Tatiana was looking for a BMW to lease. She went to Reston Sales and Leasing Inc and met with Joe Reston, the manager and sole owner of the business. After some discussion, Reston said he could arrange for a two-year lease on the car that Tatiana wanted from Corporate Leasing Inc. Though nothing in Tatiana's dealings with Reston had indicated that he was acting for Corporate Leasing, Tatiana said that if the terms were acceptable to her, she would contract with Corporate Leasing. Reston telephoned Corporate Leasing and, after Corporate Leasing did a credit check on Tatiana, it emailed Reston a lease agreement. Tatiana signed the agreement that provided for a fixed term of two years with no right to cancel before the end of the term. After signing the agreement, she asked Reston if she could have the right to cancel the agreement on written notice from her. Reston said she could and confirmed this in writing. After six months, Tatiana lost her job and wrote to Corporate Leasing cancelling the lease. Corporate Leasing says that cancellation is not permitted under the terms of the lease. Can Tatiana cancel the lease?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managing the Law The Legal Aspects of Doing Business

ISBN: 978-0133847154

5th edition

Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

Question Posted: