Question
Jonathon and his family were negotiating a lease for commercial premises to be used for their Italian restaurant. Part of the negotiation concerned the ability
Jonathon and his family were negotiating a lease for commercial premises to be used for
their Italian restaurant. Part of the negotiation concerned the ability of Jonathon to demolish
a wall in order to remodel the interior and build a pizza oven. The landlord shook Jonathon's
hand and told him they had a deal and that he could go ahead and get started. Jonathon took
out a large bank loan to finance the remodelling. Four weeks later, Jonathon received a letter
from the landlord indicating that he did not intend to proceed with the lease. Jonathon has
already spent $100,000 on the remodelling, but he has not received a signed lease as yet.
Since there is no breach of contract, does Jonathon have any other recourse in equity?
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