This topic contains a solution. Click here to go to the answer

Author Question: April 1965, Berkeley Heights Shopping Center leased 11,514 square feet of space to A & P ... (Read 103 times)

chandani

  • Hero Member
  • *****
  • Posts: 541
April 1965, Berkeley Heights Shopping Center leased 11,514 square feet of space to A & P Supermarkets. Under the terms of the lease, Berkeley agreed not to lease any other shopping-center space to another grocery store. On April 16, 1977, A & P informed Berkeley that it was ceasing operations and subleasing the premises to Drug Fair, a modern chain drug store that also sells foodstuffs. In 1985, Berkeley sought to lease other space in the center to another grocery store, and Drug Fair objected on the grounds of the covenant not to compete. Berkeley maintains the covenant only applies when the premises Drug Fair occupies are used as a grocery store operation. Who is correct?

Question 2

Managers of an LLC have the same fiduciary duties to the entity as corporate officers have to a corporation.
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

The court held the drug store could assert whatever rights the grocery store had. Berkeley Development Co. v. Great Atlantic & Pacific Tea Co., 518 A.2d 790 (N.J. 1986).

Answer to Question 2

TRUE




chandani

  • Member
  • Posts: 541
Reply 2 on: Jun 24, 2018
Excellent


parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

For a complete list of videos, visit our video library