Willy signs a lease to open a law office. The state legislature outlaws the private practice of law, thus rendering the lease worthless. When Willy fails to pay the rent, the landlord files a suit against Willy. Willy's best defense is that the purpose of the lease has been frustrated. an accord and satisfaction has occurred. a novation has occurred. the lease violated the Statue of Fraud
Willy signs a lease to open a law office. The state legislature outlaws the private practice of law, thus rendering the lease worthless. When Willy fails to pay the rent, the landlord files a suit against Willy. Willy's best defense is that the purpose of the lease has been frustrated. an accord and satisfaction has occurred. a novation has occurred. the lease violated the Statue of Fraud
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Willy signs a lease to open a law office. The state legislature outlaws the private practice of law, thus rendering the lease worthless. When Willy fails to pay the rent, the landlord files a suit against Willy. Willy's best defense is that
- the purpose of the lease has been frustrated.
- an accord and satisfaction has occurred.
- a novation has occurred.
- the lease violated the Statue of Frauds.
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