Lawyer's Memo on Reptile Factory's Legal Liability

M E M O R A N D U M

TO: Shelley Maze Reptile Factory Enterprise

FROM: Matt Green, Esq. RE: Reptile Factory Enterprise

DATE: January 3, 2009

I just spoke with Keith Fox, the attorney for Clyde Properties. According to Mr. Fox, his client leased to Reptile Factory Enterprise 2,500 square feet of office space and 20,000 square feet of warehouse space.

According to Mr. Fox, Clyde is prepared to sue Reptile Factory Enterprise for $372,000. [This amount includes $72,000 in lost rent and $300,000 in punitive damages.]The claim is itemized below:

Warehouse: Monthly rent $2,000

Balance of the lease 24 months

Total rent for warehouse 48,000

Office space:

Monthly rent 1,000

Balance of the Lease 24 months

Total rent for warehouse 24,000

TOTAL RENT 72,000 PUNITIIVE DAMAGES 300,000

TOTAL RENT AND PUNITIVE DAMAGES 372,000

Question to answer : Consider all of the facts presented (including the memo from the lawyer in attachment # 2). What compensatory damages, if any, are owed to Clyde Property Management?What additional facts might you need in order to fully answer this question?