Latest in cutting edge fashion for young affluent clientel

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Reference no: EM131466952

Fiorella plans to open a boutique on Main Street where she will offer the latest in cutting edge fashion for a young affluent clientele. Fiorella hires Stefani to handle various business matters for the boutique, including obtaining a lease and arranging financing. Stefani signs a 36 month lease Windows on Main Street. Stefani signed the lease on behalf of "Fio Fashion, Inc.", the name of Fiorella's company. Fiorella's boutique is not doing well and does not pay the rent. When Fiorella's Fashions goes out of business, Windows on Main Street demands that Stefani pay the unpaid rent. Fio's Fashion, Inc. was not incorporated until 6 days after the Stefani signed the lease with Windows on Maine Street. Explain the legal rights each of the parties has to each other.

Reference no: EM131466952

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