Anyplace way have against kennson

Assignment Help Business Law and Ethics

Reference no: EM133534676

Social media influencer Kennedy Johnson has 2 million subscribers. She owns a corporation named Kennson Inc., which was formed under the state laws of Delaware, even though Kennedy primarily runs her corporation from North Carolina. Kennedy is currently president and CEO of Kennson Inc. She has about 10 employees in total. For the past two years, she has been running the business out of her garage, allowing about three-quarters of her employees to work from home, simply to produce and manage content. However, because she increased her product offerings, she required a bigger space to house her products as well as her in-house employees. Kennedy wants to focus on the big picture when it comes to running her business. She delegates the job of leasing commercial property to Micah, her operational manager. Micah enters into a lease at 123 Anyplace Way, a 3,000-square-foot commercial property with room for all of Kennson's business needs. Under the lease terms, Kennson has to pay $4,000 a month for the space and the lease is for one year. Kennson Inc. moves into 123 Anyplace Way. Unfortunately, Kennson's video views significantly dropped three months after moving. Kennedy eventually let go of half of her employees while she figured out how to deal with the drop in subscribers. She is contemplating breaking her lease to save a few months of rent.

? Is Kennson Inc. liable for its lease with the company that leases 123 Anyplace Way?

? If Kennson, Inc. defaults on its monthly lease, what rights and remedies does the owner of 123 Anyplace Way have against Kennson?

Reference no: EM133534676

Questions Cloud

What tax consequences to ted and to joan : Ted had a comparable computer already, so he promptly sold the computer he received to a fellow teacher for $1,200. What tax consequences to Ted and to Joan

How has the workplace changed in response to the pandemic : How has the workplace changed in response to the pandemic? What challenges will IO(Industrial Organizational) psychologists have for the future of the workplace

Principal-agent (employer-employee) relationship : Discuss the various duties, responsibilities, and liabilities of the Principal-Agent (employer-employee) relationship

What have you learned about the different types of insurance : What have you learned about the different types of insurance? Do you have loss exposures that can have personal risk? What can you do to correct this?

Anyplace way have against kennson : If Kennson, Inc. defaults on its monthly lease, what rights and remedies does the owner of 123 Anyplace Way have against Kennson?

Write a scholarly paper on crimes against children : Write a scholarly paper on Crimes against children. The use of newspapers, news magazines, and similar periodicals must be kept to a minimum.

Describe a situation when you felt either empowered : Describe a situation when you felt either empowered or powerless within your organization. How did it make you feel?

List at least two controlled dangerous substances : List at least two controlled dangerous substances that would appear as a white powder. Describe the potential safety concerns and what type of personal

Describe cultural influences on health : Describe cultural influences on health.? Discuss steps to developing cultural competence.? Value providing patient-centered and culturally congruent care.?

User Account

All Pages