Ted rented a store in a mall owned by Oscar. During the two busiest months of the year renovations to the stores on either side of Ted's caused him to lose a great deal of money. A clause in the commercial lease for the store says that the mall owner is not liable for any losses caused by repairs or renovations, but Oscar agreed to allow Ted to pay only two-thirds of his rent for the following six months because Ted is now in financial difficulty since he had not made enough income to carry him through the slow period. Three months later, Oscar lost a lot of money speculating in the markets and told Ted he needed Ted to revert back to paying the full amount under the lease. Ted objected, having put all the money he woudl have used to pay rent into an advertising campaign to try to make up for his losses. Oscar demanded Ted pay the back rent as well, but Ted will go bankrupt if he has to do that. What would you tell Ted about Oscar's rights and what can Ted do about the situation? 4