Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bo is interested in leasing an outlet near South Docks, to run a fast food noodle shop. The dock area is thriving, there are lots

Bo is interested in leasing an outlet near South Docks, to run a fast food noodle shop. The dock area is thriving, there are lots of other businesses, and there is a huge block of apartments nearby. The rent is high, about $1,800 per week, with various penalties in the contract for breaking the lease earlier than the contracted period. Bo signs a contract for a two-year lease.

For six months everything is fine, Bo is making money and he is paying all the bills. Then, after one year, the Dock outside the shop (the main thoroughfare for customers entering the shopping area) is declared to be faulty and unsafe. Customers cannot use the walkways, and there is restricted access to Bo's shop, and indeed many of the surrounding shops are now empty, giving the area an eerie feeling.

Bo informs the landlord that he is leaving and cannot pay any more rent. The landlord pleads with Bo to stay, and promises he will be charged only $500 a week, which he can cover with his takeaway activities. However, at the end of the lease he decides he will now leave. The outraged landlord threatens Bo with a legal action for the original rent he should have paid.

What are Bo's arguments to avoid having to pay the original rent. Explain and give references.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Law Express Criminal Law

Authors: Emily Finch, Stefan Fafinski

8th Edition

1292295414, 978-1292295411

More Books

Students also viewed these Law questions

Question

2. Ask, What would happen if?

Answered: 1 week ago

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

What is quality of work life ?

Answered: 1 week ago