Ted Rented a Store in a Mall Owned by Oscar

question 114

Essay

Ted rented a store in a mall owned by Oscar.During the two busiest months of the year,renovations to the stores on either side of Ted's caused him to lose a great deal of money.A clause in the commercial lease for the store says that the mall owner is not liable for any losses caused by repairs or renovations,but Oscar agreed to allow Ted to pay only two-thirds of his rent for the following six months because Ted was now in financial difficulties since he had not made the profits he relied on to carry him through the slow period.Three months later,Oscar lost a lot of money speculating in the commodities market and he told Ted that he needed Ted to revert to paying the full amount of the rent under the lease.Ted objected,having had put all the money he would have used to pay the rent in full into an advertising campaign to try to make up his losses.Oscar got angry and demanded that Ted pay the back rent also.Ted will go bankrupt if he has to do this and he comes to you to ask if he must do it.What will you tell Ted about Oscar's rights and what Ted can do about the situation?

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Definitions:

White Northerners

Individuals from the northern United States, typically associated with specific historical, cultural, or political contexts.

Civil War

A major conflict within a country or between factions within a country, often characterized by a struggle for power, territory, or ideological change.

Thirteenth Amendment

An amendment to the U.S. Constitution, adopted in 1865, that abolished slavery and involuntary servitude, except as punishment for a crime.

Abolishing Slavery

The act or process of ending the practice of enslaving human beings, legally and culturally, often associated with historical movements and legislation.