noun
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
original
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Why do the Government not act on the huge injustices currently affecting business people, such as original lessee liability?
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In the action before Walton J. the landlord was suing the original lessee for the arrears of rent.
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It was held that the liability of the original lessee was not extinguished by the partial surrender.
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The liability of the original lessee was, and remained, a primary liability.
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It was that liability for which the original lessee was concurrently liable.
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The original lessee could then recover from the assignee under the indemnity.
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The original lessee was not merely a guarantor or surety.
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He further accepts that the obligations of the original lessee and an assignee are not joint.
EXAMPLES FROM CORPUS
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At the end of the lease term, the residual value of the asset will belong to the lessee .
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It was held that the liability of the original lessee was not extinguished by the partial surrender.
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The lessee claimed that the release of the surety also released the lessee from liability.
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The lessor then purchases the asset and leases it to the lessee .
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The liability of the original lessee was, and remained, a primary liability.
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Whitbread said the lessees of its pubs can keep buying its beer but have no obligation to do so.
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Why do the Government not act on the huge injustices currently affecting business people, such as original lessee liability?