Arnold Properties, Inc

question 5

Essay

Arnold Properties, Inc. entered into a lease agreement with Janet for a residential house. Janet made four (4) subsequent monthly payments. At the end of the four (4) months, Janet learned that she was to be transferred to a new job in another state. Janet approached her landlord and explained her situation. The landlord was unsympathetic and refused to release Janet from her rent. The landlord insisted on enforcement of rental payment for the duration of the lease, which was for one (1) year. Janet had not provided for a release in her lease to cover the possibility of a job transfer. Must Janet pay for the remaining eight (8) months of rent even if she is not in physical possession of the property?

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Definitions:

Replenish Inventory

The process of adding more stock or supplies to existing inventory to meet demand.

Outside Order Takers

Sales personnel who primarily accept and process orders from clients outside the company premises, rather than actively selling or persuading customers.

Replenish Inventory

The process of restocking products or materials to maintain adequate levels to meet consumer or production demands.

Resellers

Businesses or individuals that purchase goods from manufacturers or wholesalers to sell them to the end consumer, often adding value through services or support.