Fact Pattern 19-1
Rico signs a lease on behalf of Start-Up Games, Inc., with Tower Office Suites. As part of the lease, Rico signs a document titled “GUARANTY,” which states that it is “an absolute guaranty” of the lease’s performance.
-Refer to Fact Pattern 19-1.The reason for the result in the previous question is that
A) Rico signed a "GUARANTY."
B) Tower Office Suites owns the property and can re-rent the premises.
C) the other tenants can equitably absorb a slight increase in rent.
D) Start-Up will likely move out when it stops paying the rent.
Correct Answer:
Verified
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