Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. FASTSIGNS contracted to provide a sign for Mama Gina to place above her restaurant business. According to the contract, Mama Gina would lease the

image text in transcribed
image text in transcribed
5. FASTSIGNS contracted to provide a sign for Mama Gina to place above her restaurant business. According to the contract, Mama Gina would lease the sign from FASTSIGNS, making monthly payments for 36 months. In return, FASTSIGNS agreed to maintain and service the sign at its own expense. FASTSIGNS installed the sign in March, and Mama Gina made the first rental payment. Shortly thereafter, someone hit the sign with a tomato. Mama Gina also claims she discovered rust on its chrome and a little spiderwebs in its corners. Mama Gina repeatedly called FASTSIGNS for the maintenance work promised under the contract, but FASTSIGNS did not respond immediately. Mama Gina then emailed FASTSIGNS that, due to FASTSIGNS failure to perfom the maintenance services, she held FASTSIGNS in material breach of the contract, and would not be making any additional payments for the sign. A week later, FASTSIGN sent out a crew, which did all of the requested maintenance services. Has FASTSIGNS committed a material breach of the contract? If not, what? Explain. FASTSIGNS contracted to provide a sign for Mama Gina to place above her restaurant business. According to the contract, Mama Gina would lease the sign from FASTSIGNS, making monthly payments for 36 months. In return, FASTSIGNS agreed to maintain and service the sign at its own expense. FASTSIGNS installed the sign in March, and Mama Gina made the first rental payment. Shortly thereafter, someone hit the sign with a tomato. Mama Gina also claims she discovered rust on its chrome and a little spiderwebs in its corners. Mama Gina repeatedly called FASTSIGNS for the maintenance work promised under the contract, but FASTSIGNS did not respond immediately. Mama Gina then emailed FASTSIGNS that, due to FASTSIGNS failure to perfom the maintenance services, she held FASTSIGNS in material breach of the contract, and would not be making any additional payments for the sign. A week later, FASTSIGN sent out a crew, which did all of the requested maintenance services. Has FASTSIGNS committed a material breach of the contract? If not, what? Explain. 5. FASTSIGNS contracted to provide a sign for Mama Gina to place above her restaurant business. According to the contract, Mama Gina would lease the sign from FASTSIGNS, making monthly payments for 36 months. In return, FASTSIGNS agreed to maintain and service the sign at its own expense. FASTSIGNS installed the sign in March, and Mama Gina made the first rental payment. Shortly thereafter, someone hit the sign with a tomato. Mama Gina also claims she discovered rust on its chrome and a little spiderwebs in its corners. Mama Gina repeatedly called FASTSIGNS for the maintenance work promised under the contract, but FASTSIGNS did not respond immediately. Mama Gina then emailed FASTSIGNS that, due to FASTSIGNS failure to perfom the maintenance services, she held FASTSIGNS in material breach of the contract, and would not be making any additional payments for the sign. A week later, FASTSIGN sent out a crew, which did all of the requested maintenance services. Has FASTSIGNS committed a material breach of the contract? If not, what? Explain. FASTSIGNS contracted to provide a sign for Mama Gina to place above her restaurant business. According to the contract, Mama Gina would lease the sign from FASTSIGNS, making monthly payments for 36 months. In return, FASTSIGNS agreed to maintain and service the sign at its own expense. FASTSIGNS installed the sign in March, and Mama Gina made the first rental payment. Shortly thereafter, someone hit the sign with a tomato. Mama Gina also claims she discovered rust on its chrome and a little spiderwebs in its corners. Mama Gina repeatedly called FASTSIGNS for the maintenance work promised under the contract, but FASTSIGNS did not respond immediately. Mama Gina then emailed FASTSIGNS that, due to FASTSIGNS failure to perfom the maintenance services, she held FASTSIGNS in material breach of the contract, and would not be making any additional payments for the sign. A week later, FASTSIGN sent out a crew, which did all of the requested maintenance services. Has FASTSIGNS committed a material breach of the contract? If not, what? Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions