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On September 15, Lubov agreed orally with Tim to lease a store to Tim in Manhattan at $5,000 per month for one year starting the
On September 15, Lubov agreed orally with Tim to lease a store to Tim in Manhattan at $5,000 per month for one year starting the following January 1.
(a) Is the oral agreement enforceable? Explain.
Assume that the oral lease was for three years, that Tim moved in on January 1, and paid the monthly rent for six months, and that Lubov then notified Tim to vacate.
(b) Is the oral agreement enforceable by Tim for the balance of the three-year term? Explain.
(c) Is the oral agreement enforceable by Tim for an additional six months? Explain.
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