Business Law

Monk and Jenkins leased a building they owned to Tuneup Masters for 5 years. The lease contained a provision to extend the lease an additional 5 years by sending a certified or registered letter at least 6 months prior to the expiration of the lease. Within that 5 year period, the vice president of Tuneup Masters exercised the renewal option by delivering a letter to the U.S. Postal Service and having it certified. This letter to the landlords was lost in the mail. Not having received the letter, the landlords refused to renew the lease. Tuneup Masters claimed that the renewal was valid even though the certified letter was lost. Is Tuneup Masters correct? why or why not?

acceptance at time of mailing. mail- box rule

  1. 👍
  2. 👎
  3. 👁
  4. ℹ️
  5. 🚩

Respond to this Question

First Name

Your Response

Similar Questions


    Which of the following examples describes a publicly held corporation?(1 point) A local jewelry store is owned by its founders who hold but do not sell shares in the company. A local gaming cafe is owned and operated by the same

  2. Language Arts

    1. Which of the following sentences uses the past perfect verb tense. A) By June, I will have owned the camera shop for a decade. B) After it was sold, I had owned the camera shop for 12 year as C) I cannot recall a time when I

  3. physics

    A building has become accidentally contaminated with radioactivity. The longest-lived material in the building is strontium-90. (The atomic mass of Sr is 89.9077 u.) If the building initially contained 4.8 kg of this substance and

  4. Economics..HELP

    Which of the following could be classified as a franchise?(1 point) a national fast-food chain owned and operated by a single organization one of several hair salons owned and operated by individuals but licensed and supported by

  1. math

    Mr. Jenkins deposited $1,250 into an account. He made no additional deposits or withdrawals. Mr. Jenkins earned 4.25% annual simple interest on the money in the account. What was the balance in dollars and cents in Mr. Jenkins’s


    From a survey of 100 college students, a marketing research company found that 65 students owned iPhones, 40 owned cars, and 30 owned both cars and iPhones. (a) How many students owned either a car or an iPhone (but not both)?

  3. MATH (Please Help)

    An office building worth $1 million when completed in 2000 is being depreciated linearly over 80 years. What will be the book value of the building in 2048? (Assume the scrap value is $0.) a. The book value of the building in 2048

  4. History

    3.)A slave's life was full of hardships and difficulties. Workdays were long and exhausting, full of backbreaking labor, and slaves would work 10 to 16 hours a day. Masters could hire out their slaves to work for other masters;

  1. Finance

    Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a 5 year, $6,000,000 bank loan to finance service equipment. The loan has an interest rate of 10% and would be amortized over 5 years,

  2. math

    A new apartment building was sold for $125000 4 years after it was purchased. The original owners calculated that the building appreciated $3000 per year while they owned it. Find a linear function that describes the appreciation

  3. Accounting

    On January 1, 2009, Sweetwater Furniture Company leased office space under a 21-year operating lease agreement. The contract calls for annual rent payments on December 31 of each year. The payments are $11,000 the first year and

  4. accounting

    Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 10 years and then sold for $11,000 at the end of

View more similar questions or ask a new question.