Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kori signed an agreement to lease Gabi s storefront building for 1 2 months, beginning in May. Kori planned to open a store to sell

Kori signed an agreement to lease Gabis storefront building for 12 months, beginning in May. Kori planned to open a store to sell shells and coral and other artifacts from the sea. Koris Corals and Shells did a great business during the summer when there were a lot of tourists in town, but it did not do well in the fall. Kori wants to close her shop and move to another town. What can she do to get out of her lease?
She can claim commercial impracticability and break the lease with no penalty.
She can simply vacate the premises after giving one months notice.
She probably cannot get out of the lease.
She can ask Gabi to find another tenant.

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_2

Step: 3

blur-text-image_3

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

Introduction to Risk Management and Insurance

Authors: Mark S. Dorfman, David Cather

10th edition

131394126, 978-0133255409, 133255409, 978-0131394124

More Books

Students also viewed these General Management questions