Question

In: Economics

Renee agrees to hire a vehicle from Lyle for a period of 1 year. Shortly after...

Renee agrees to hire a vehicle from Lyle for a period of 1 year. Shortly after taking delivery of the car, Renee negligently collides with a bus, leaving the vehicle damaged beyond economical repair. Renee maintains that, because she no longer has use of the vehicle, she is excused from liability in respect of the monthly rent. Lyle does not agree.

5.2. Discuss FIVE (5) ways in which a contract may be breached.

Solutions

Expert Solution

The question does not dive into the details of the contract so the following points are based on reasonable assumptions given in most contracts

It is Renee's duty to make sure that the vehicle remains in motorable condition

Since Renee has agreed to pay lease for the vehicle for a fixed period of one year from the date he is obliged to pay the lease regularly

Renee has a duty to responsibly handle the asset but as it is given in the question he negligently crashes it therefore he is required to pay the cost of the vehicle minus depreciation and lease paid

In case the contract does not specify a circumstance in which the asset is damaged or is vague in such details Renee can claim to be exempted from the liability of lease

If any one of the party is not legally an adult(minor) or is disqualified from entering into a contract .the contract is not valid in the first place

Renee is expected to maintain the asset in proper working condition which he fails to do so which results in a breach

More details about the contract could reveal more information about possible breaches but with the given info only the above points can be ascertained

Rahul Sunny answered 8 months ago
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