Author Question: Jones, a landlord, requires in all leases that rent be paid on the first day of each month. For the ... (Read 63 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
Jones, a landlord, requires in all leases that rent be paid on the first day of each month. For the past three months, Jones has accepted Tenant One's rent as late as the 12th day of the month. During the fourth month, when Jones has not received Tenant One's rent, she sends a notice of termination on the second day of the month. Is Jones acting properly?

Question 2

The FRC has adopted a franchise disclosure rule that requires franchisors to give prospective franchisees a full disclosure statement thirty (30 ) days before a franchisee signs a contract or pays any money for a franchise.
  Indicate whether the statement is true or false



paavo

  • Sr. Member
  • ****
  • Posts: 301
Answer to Question 1

No. Jones has waived timely payment and must use the fourth month to reinstate the right to receive rent on the first. The earliest a notice of termination could be sent is the 12th day.

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library