Average State University Students Ann,Bo,and Sherry Are Co-Tenants Under a Ten-Month

question 57

Essay

Average State University students Ann,Bo,and Sherry are co-tenants under a ten-month lease of a River Heights apartment from complex owner Stella Slumlord.The monthly rent set forth in the lease is $480.All three co-tenants signed the lease,which has five more months to go.Ann,Bo,and Sherry have each been chipping in $160 per month to cover the rent.Slumlord was aware of the co-tenants' rent-sharing agreement.Bo recently flunked out of school and has returned to his parents' home in Reno,Nevada.Bo has informed Ann,Sherry,and Slumlord that he will no longer be sharing in the rent.Slumlord has made demands upon Ann and Sherry for payment of the full monthly rental of $480? Is Slumlord legally justified in making this demand? Explain.

Grasp the principles of co-ownership in business entities and how it relates to management and profit sharing.

Conceptualize the life span of different business entities and the factors affecting their continuity.

Comprehend the implications of being a purported partner and the liability that arises from representations of partnership.

Understand the difference between repressible and inducible operon systems.