Question
Kane, a landlord rents an office to Lawrence on a five year lease.After a year and a half, Lawrence tells Kane he has bought another
Kane, a landlord rents an office to Lawrence on a five year lease.After a year and a half, Lawrence tells Kane he has bought another business and will be moving his operation there.He offers to pay Kane rent to the end of the year but wants to leave the premises immediately so that Kane can rent them to someone else.Kane refuses and says that if Lawrence leaves he will sue him for the rent owing until the end of the five year lease.Lawrence leaves and when the five years is over, Kane sues him. (LO 7.1, 7.2, 7.3, 7.6)
A.What type of Breach has Lawrence committed?
B.What type of remedy is Kane entitled to?How will the damages be calculated?
C.Is there anything that could have been done when the contract had been made that would have helped prevent this situation?
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