Vacate the rental unit atthe end of the thirty days

Assignment Help Finance Basics

Reference no: EM13913662

Paula rented an apartment to Dave for $500 per month. Paula and Dave signed a one-year lease,to be effective beginning January 1st. After three months, Dave decided that he did not like theapartment. He gave Paula a 30-day written notice, stating that he would vacate the rental unit atthe end of the thirty days, which was April 30th. Upon receipt of Dave's notice, Paula madereasonable efforts to find a new tenant. Nevertheless, the apartment remained vacant from May 1st. through June 30 th. Paula re-rented the apartment beginning July 1 st. for one year. Paula suesDave in small claims court. What is the likely outcome?a. Paula is entitled to the balance of the lease, or $4,000, because Dave did not have a validreason to breach the contract.b. Paula is entitled to nothing, because Dave gave Paula thirty-days written notice.c. Paula is entitled to $1,000, because she tried to find another tenant immediately uponlearning of Dave's intent to breach the contract, but was unable to re-lease the apartmentuntil July 1 st.d. Paula is entitled to $500, which represents one-month's rent.

Reference no: EM13913662

Questions Cloud

Portfolio analysis-calculate standard deviation of returns : You have been given the expected return data shown in the first table on three assets -F, G, and H- over the period 2016-2019. Expected return. Calculate the expected return over the 4-year period for each of the three alternatives. Calculate the sta..

Contracts are within the statute of frauds : In most states the following types of contracts are within the statute of frauds.a. Contracts for the sale of an interest in personal property.b. Contracts that can be performed within a year from the date of their formation.c. Contracts for the sale..

Masse for the sale of an officebuilding : On May 1, 2005, Eckerly Realty Inc. mailed a written offer to Masse for the sale of an officebuilding. The offer included an express term that it would expire on June 30, 2005 if theacceptance was not delivered into the hands of the offeror by the ex..

Firms total market value is unchanged by the split : Becker Financial recently declared a 2-for-1 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split?

Vacate the rental unit atthe end of the thirty days : Paula rented an apartment to Dave for $500 per month. Paula and Dave signed a one-year lease,to be effective beginning January 1st. After three months, Dave decided that he did not like theapartment. He gave Paula a 30-day written notice, stating tha..

What will portfolios new beta be after these transactions : You have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. The portfolio has a beta of 1.1. You are considering selling $100,000 worth of one stock with a beta of 0.9 and using the proceeds to purchase another..

Perpetual inventory accounts. : .Prepare journal entries for the transactions described above, using the date of each transaction as its reference. Assume BSS uses perpetual inventory accounts. (If no entry is required for a transaction/event, select "No Journal Entry Required" in ..

Paul filed a lawsuit for false imprisonment : Paul filed a lawsuit for false imprisonment against Dan's Bookstore. During a visit to Dan'sBookstore, Dan stopped Paul as he left the store. Dan accused Paul of stealing a book from thestore. After briefly looking into Paul's shopping bag, Dan deter..

About the stock split : After a 2-for-1 stock split, Strasburg Company paid a dividend of $1.75 per new share, which represents a 10% increase over last year's pre-split dividend. What was last year's dividend per share?

User Account

All Pages