In 1982 Webster Street Partnership, Ltd. (Webster) entered into a lease agreement with Matthew Sheridan...

90.2K

Verified Solution

Question

Accounting

image
In 1982 Webster Street Partnership, Ltd. (Webster) entered into a lease agreement with Matthew Sheridan and Pat Wilwerding. Webster was aware that both Sheridan and Wilwerding were minors. Both tenants were living away from home with the understanding that they could return home at any time to live as their parents lived close-by. Sheridan and Wilwerding pald the first month's rent and then failed to pay rent for the next month and vacated the apartment. Webster sued them for breach of contract. Sheridan and Wilwerding claimed that the lease agreement was voidable because they were minors. Webster claims that the contract is enforceable because the apartment is a necessary. Who is correct? Specifically discuss the contract law rule or legal principle that applies to this case

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students