Constellation-F, LLC, leased warehouse space to World Trading 23, Inc., a retailer of drones and remote-controlled toys.
Question:
Constellation-F, LLC, leased warehouse space to World Trading 23, Inc., a retailer of drones and remote-controlled toys. By the terms of the agreement, World Trading’s rent would increase by 150 percent if it still occupied the warehouse after the lease expired. When World Trading overstayed its lease by more than two months, Constellation sued to recover the holdover rent at the higher rate. At trial, the court ruled in favor of World Trading after determining that the holdover rent was too high and therefore, under California law, an unenforceable penalty for breach of contract. What should a state appeals court decide?
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The state appeals court should likely reverse the trial courts decision and enforce the holdover rent provision in the lease agreement Heres the reaso...View the full answer
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Related Book For 
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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