George Fiskar has been operating a hat store in the Cumberland Mall. George built the racks that hold his hats. The racks are floor-to-ceiling design and George custom-fit them to the curvature of the store walls. George's business has done well and he needs to move to a larger location. At the end of his lease, the landlord notified George that the hat racks had to stay because they were custom-made. Which of the following is correct?
A) The landlord is correct, the racks must stay.
B) The landlord is incorrect because all attachments in a commercial lease belong to the landlord.
C) The landlord is incorrect because the hat racks are trade fixtures and belong to the tenant.
D) The landlord is correct because without a lease provision the racks stay.
Question 2
Courts tend to resolve ambiguities in limited partnership agreements against the general partners.
Indicate whether the statement is true or false
Doctors in China pray before operating
Planet George
Beta Ghiorghis (House of St. George), Lalibela, Ethiopia.
E9-23 Prepare income statements Explain the difference in operating income
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...