In Neilsen V

question 89

Multiple Choice

In Neilsen v. Gold's Gym, where Gold's leased space for a new gym, but got into a dispute with the landlord of a the commercial space before it even moved in, the courts held that:

• A) the lease was valid; Gold's was liable for damages for breach
• B) the lease was valid but the landlord breached by failing to finish the building properly
• C) the lease was invalid because several key provisions conflicted with state law regarding proper construction
• D) the lease was invalid because the rent was too high, in violation of state rules regarding proper lease charges
• E) none of the other choices

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in an open and competitive marketplace.

Legal Capacity

The ability of an individual to enter into legal agreements or contracts, often age or condition-related.

Insane Person

A legally declared inability of an individual to manage their affairs due to mental illness or incapacity.

Mental Illness

A broad category of conditions affecting mood, thinking, and behavior, often requiring medical diagnosis and treatment.