Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Federer & Co . ( Federer ) signed a written contract to lease a large neon advertising sign to Harris Bolat, who is in the

Federer & Co.(Federer) signed a written contract to lease a large
neon advertising sign to Harris Bolat, who is in the dry-cleaning
business, for $148.50 a month. The contract stated that Federer, a
the lessor of the sign, would "at its expense ... maintain and
service the sign ...[and would perform] cleaning and repainting of
sign in original color scheme as often as deemed necessary by
lessor to keep sign in first-class advertising condition and make all
necessary repairs to sign and equipment installed by lessor."
A few weeks the sign was installed, "little spider cobwebs"
appeared in the sign's corners. Bolat repeatedly asked Federer to
fix the sign, but Federer did not do so. As a result, Bolat made no
further payments and Federer sued Bolat for remainder of the
lease payments pursuant to the contract's terms. Did Federer make
a material breach of the contract?
image text in transcribed

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

Financial and Managerial Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

11th Edition

9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895

More Books

Students also viewed these Accounting questions