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Be Careful What You Sign

In: Business and Management

Submitted By lala1987
Words 1412
Pages 6
Argosy University BUS215
Be Careful What You Sign
Argosy University BUS215
Be Careful What You Sign

Be Careful What You Sign

Sudson Washer & Dryer Service which is the (lessor) and Letisha is the (lessee), entered into a contract together for a five-year period which according to Sudons is a Standard lease. Letisha is a young woman with her own apartment unit and I am sure she is very excited about doing an upgrade to keep her tenants satisfied with the updated washers and dryers. This contract is presented to Letisha on one page only. The front page of this contract was signed by both noting Letisha as the lessee and the salesman for Sudson as the lessor. Letisha should retain a signed copy of this contract for her records.
Now, as a salesperson the salesman should have informed Letisha of all the detail pertaining to the contract so that she is full aware of what its states. He should have gone over the entire front and back page with her so she can be aware of the additional terms on the back side if she chooses not to renew her contract, which regarded the renewal clause to agreements made in that state. The salesman did not inform Letisha of that renewal clause.
In that section on the back is where she would have taken notice of a provision of what happens if a 90-day written notice of termination is not received by Sudson company. In this agreement it specifically states that the company contracts are based on five-year leases; it is noted that it will renew for three additional five-year terms and will not be terminated unless Sudson decides to cancel it on their discretion.
However, since Letisha did not read the entire contract, the salesman sees Letisha as being negligent for not properly reviewing her contract as it so states. Now because of this situation this brings up a matter of ethical issues of conformance about the…...

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